NYSE:CXWCorecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CXW shares have decreased by 33.3% and is now trading at $8.83. 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) announced its quarterly earnings results on Wednesday, May, 6th. The real estate investment trust reported $0.27 earnings per share (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 analysts' expectations of $476 million. Corecivic had a net margin of 8.63% and a return on equity of 12.43%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $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 paid a dividend of $0.44 per share on Wednesday, April 15th. This represents a $1.76 annualized dividend and a yield of 19.93%. The ex-dividend date of this dividend 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 expect Corecivic's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 126.5% from the stock's current price. View analysts' price targets for Corecivic.

Media stories about CXW stock have been trending negative this week, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Corecivic earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news 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 daily 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."

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 $8.83.

Corecivic has a market capitalization of $1.06 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]