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. Since then, CXW shares have increased by 4.2% and is now trading at $13.79. 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) released its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The real estate investment trust earned $491.10 million during the quarter, compared to the consensus estimate of $476 million. Corecivic had a return on equity of 12.43% and a net margin of 8.63%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.64 EPS. View Corecivic's earnings history.

Corecivic declared a quarterly dividend on Thursday, February 20th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 dividend on an annualized basis and a yield of 12.76%. The ex-dividend date 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 EPS estimate of $0.52.

2 Wall Street analysts have issued twelve-month target prices 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 45.0% from the stock's current price. View analysts' price targets for Corecivic.

Media coverage about CXW stock has been trending neutral recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Corecivic earned a news impact score of 0.4 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutCorecivic.

Corecivic saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,690,000 shares, a drop of 18.4% from the April 30th total of 2,070,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 1.2 days. Currently, 1.4% of the company's stock 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), Sabra Health Care REIT (SBRA) and Rayonier (RYN). 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 many different institutional and retail 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 acquired 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 $13.79.

Corecivic has a market capitalization of $1.65 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]