NYSE:CXWCorecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CXW shares have decreased by 5.1% and is now trading at $12.55. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corecivic in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Corecivic.

Corecivic is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Corecivic.

Corecivic Inc (NYSE:CXW) posted its quarterly earnings data on Wednesday, May, 6th. The real estate investment trust reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.01. The real estate investment trust earned $491.10 million during the quarter, compared to analyst estimates of $476 million. Corecivic had a return on equity of 12.43% and a net margin of 8.63%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. View Corecivic's earnings history.

Corecivic announced a quarterly dividend on Thursday, February 20th. Investors of record on Wednesday, April 1st will be given a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 annualized dividend and a yield of 14.02%. The ex-dividend date of this dividend is Tuesday, March 31st. View Corecivic's dividend history.

Corecivic issued an update on its first quarter earnings guidance on Wednesday, April, 1st. The company provided EPS guidance of $0.46-0.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52.

2 analysts have issued 1 year price objectives for Corecivic's shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate Corecivic's share price to reach $20.00 in the next year. This suggests a possible upside of 59.4% from the stock's current price. View analysts' price targets for Corecivic.

News headlines about CXW stock have trended very positive this week, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Corecivic earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutCorecivic.

Corecivic saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,690,000 shares, a decline of 18.4% from the April 30th total of 2,070,000 shares. Based on an average trading volume of 1,360,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.4% of the company's shares are sold short. View Corecivic's Current Options Chain.

Some companies that are related to Corecivic include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corecivic investors own include The GEO Group (GEO), AT&T (t), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), New Residential Investment (NRZ), Altria Group (MO), Ares Capital (ARCC) and Verizon Communications (VZ).

Corecivic trades on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."

Corecivic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.08%), State Street Corp (3.48%), Bank of New York Mellon Corp (2.26%), Geode Capital Management LLC (1.66%), Grantham Mayo Van Otterloo & Co. LLC (1.32%) and New South Capital Management Inc. (1.03%). Company insiders that own Corecivic stock include Charles L Overby, Damon T Hininger, David Garfinkle, Harley G Lappin, Kim White and Thurgood Marshall Jr. View institutional ownership trends for Corecivic.

CXW stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Wells Fargo & Company MN, Morgan Stanley, Morgan Stanley, BlackRock Inc., Squarepoint Ops LLC, Bank of New York Mellon Corp, and New South Capital Management Inc.. View insider buying and selling activity for Corecivic.

CXW stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Grantham Mayo Van Otterloo & Co. LLC, Hourglass Capital LLC, Driehaus Capital Management LLC, Geode Capital Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Federated Hermes Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity for Corecivic.

Shares of CXW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CXW stock can currently be purchased for approximately $12.55.

Corecivic has a market capitalization of $1.50 billion and generates $1.98 billion in revenue each year. The real estate investment trust earns $188.89 million in net income (profit) each year or $2.62 on an earnings per share basis. Corecivic employs 14,075 workers across the globe.

The official website for Corecivic is www.corecivic.com.

Corecivic's mailing address is 5501 VIRGINIA WAY, BRENTWOOD TN, 37215. The real estate investment trust can be reached via phone at 615-263-3000 or via email at [email protected]