Raymond James & Associates lowered its holdings in shares of Corecivic Inc (NYSE:CXW) by 1.2% in the 1st quarter, Holdings Channel reports. The fund owned 99,544 shares of the real estate investment trust’s stock after selling 1,215 shares during the period. Raymond James & Associates’ holdings in Corecivic were worth $1,936,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CXW. Retirement Systems of Alabama grew its holdings in Corecivic by 0.4% in the first quarter. Retirement Systems of Alabama now owns 154,494 shares of the real estate investment trust’s stock worth $3,005,000 after purchasing an additional 618 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Corecivic by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 46,893 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 647 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Corecivic by 6.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,310 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 705 shares during the last quarter. Alpha Windward LLC grew its holdings in shares of Corecivic by 3.4% during the first quarter. Alpha Windward LLC now owns 23,854 shares of the real estate investment trust’s stock valued at $464,000 after buying an additional 780 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Corecivic by 4.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,535 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 800 shares during the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Corecivic from a “c+” rating to a “b-” rating in a report on Monday. Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Monday. Finally, ValuEngine upgraded shares of Corecivic from a “sell” rating to a “hold” rating in a report on Saturday, May 18th.
Corecivic stock opened at $23.73 on Thursday. Corecivic Inc has a fifty-two week low of $17.16 and a fifty-two week high of $26.09. The stock has a market cap of $2.80 billion, a P/E ratio of 10.27 and a beta of 1.18. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.03 and a current ratio of 1.03.
Corecivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.18). Corecivic had a return on equity of 12.72% and a net margin of 9.09%. The firm had revenue of $484.06 million for the quarter, compared to analysts’ expectations of $466.75 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Corecivic Inc will post 2.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Friday, June 28th. Corecivic’s dividend payout ratio (DPR) is presently 76.19%.
In related news, Director Thurgood Marshall, Jr. sold 7,200 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $19.30, for a total transaction of $138,960.00. Following the transaction, the director now directly owns 36,447 shares in the company, valued at $703,427.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.24% of the stock is currently owned by insiders.
CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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