NYSE:CXWCorecivic Stock Price, Forecast & News

Corecivic's stock was trading at $13.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CXW stock has decreased by 28.0% and is now trading at $9.53. 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 data on Wednesday, May, 6th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.26 by $0.01. The real estate investment trust had revenue of $491.10 million for 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 was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. View Corecivic's earnings history.

Corecivic declared a quarterly dividend on Thursday, February 20th. Shareholders 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 dividend yield of 18.47%. The ex-dividend date of this dividend is Tuesday, March 31st. View Corecivic's dividend history.

2 analysts have issued 12 month 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 twelve months. This suggests a possible upside of 109.9% from the stock's current price. View analysts' price targets for Corecivic.

Media coverage about CXW stock has trended negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corecivic earned a news sentiment score of -2.2 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days. View the latest news about Corecivic.

Corecivic saw a decline in short interest in 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 days-to-cover ratio is currently 1.4 days. Currently, 1.7% of the shares of the company 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), HCP (HCP), Ventas (VTR), 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 $9.53.

Corecivic has a market capitalization of $1.14 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]