NYSE:CXWCorecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CXW stock has decreased by 31.1% and is now trading at $9.11. 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 analysts' consensus estimates 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 net margin of 8.63% and a return on equity of 12.43%. The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. View Corecivic's earnings history.

Corecivic declared a quarterly dividend on Thursday, February 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 19.32%. The ex-dividend date is Tuesday, March 31st. View Corecivic's dividend history.

2 Wall Street analysts have issued 12-month price targets 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 twelve months. This suggests a possible upside of 119.5% from the stock's current price. View analysts' price targets for Corecivic.

News stories about CXW stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of 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 1.8 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Corecivic.

Corecivic saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,050,000 shares, a decline of 18.0% from the June 15th total of 2,500,000 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.7% of the company's shares are short sold. 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), HCP (HCP), Extra Space Storage (EXR), 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 institutional and retail investors. Top institutional shareholders include MERIAN GLOBAL INVESTORS UK Ltd (0.09%), Eidelman Virant Capital (0.03%), Louisiana State Employees Retirement System (0.02%) and Teamwork Financial Advisors LLC (0.01%). 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 purchased by a variety of institutional investors in the last quarter, including Eidelman Virant Capital, Teamwork Financial Advisors LLC, MERIAN GLOBAL INVESTORS UK Ltd, and Louisiana State Employees Retirement System. 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 $9.11.

Corecivic has a market capitalization of $1.09 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, 37027. The real estate investment trust can be reached via phone at 615-263-3000 or via email at [email protected]