Corecivic Inc (NYSE:CXW) CEO Damon T. Hininger sold 35,324 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $25.75, for a total value of $909,593.00. Following the completion of the transaction, the chief executive officer now owns 260,082 shares in the company, valued at approximately $6,697,111.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:CXW opened at $24.57 on Tuesday. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.81 and a beta of 1.04. Corecivic Inc has a 1 year low of $18.61 and a 1 year high of $27.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.04.

Corecivic (NYSE:CXW) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $449.93 million for the quarter, compared to analysts’ expectations of $435.61 million. Corecivic had a return on equity of 11.44% and a net margin of 8.99%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 EPS. analysts predict that Corecivic Inc will post 2.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be given a dividend of $0.43 per share. The ex-dividend date is Friday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 7.00%. Corecivic’s dividend payout ratio is currently 74.14%.

Large investors have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Corecivic during the first quarter worth $165,000. Virtu Financial LLC purchased a new stake in shares of Corecivic during the second quarter worth $226,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Corecivic in the second quarter worth $226,000. Argent Trust Co purchased a new stake in shares of Corecivic in the second quarter worth $239,000. Finally, Pinebridge Investments L.P. raised its position in shares of Corecivic by 254.5% in the second quarter. Pinebridge Investments L.P. now owns 10,032 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 7,202 shares in the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

Several research firms recently commented on CXW. TheStreet upgraded Corecivic from a “c” rating to a “b-” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Corecivic from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, June 20th. Finally, ValuEngine upgraded Corecivic from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the company. Corecivic currently has a consensus rating of “Buy” and a consensus price target of $32.67.

About Corecivic

The Company 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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