Shares of Corrections Corp. of America (NYSE:CXW) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $36.00.

CXW has been the subject of a number of analyst reports. BidaskClub cut Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine raised Corrections Corp. of America from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 5th. Finally, TheStreet cut Corrections Corp. of America from a “b-” rating to a “c+” rating in a report on Monday, August 21st.

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Shares of Corrections Corp. of America (NYSE:CXW) opened at $25.00 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $2,898.93, a PE ratio of 9.40, a P/E/G ratio of 1.76 and a beta of 0.91. Corrections Corp. of America has a fifty-two week low of $14.02 and a fifty-two week high of $35.33.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a $0.42 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.72%. Corrections Corp. of America’s dividend payout ratio (DPR) is 93.86%.

In related news, CFO David Garfinkle sold 10,000 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.01, for a total value of $260,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kim White sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $26.27, for a total value of $131,350.00. Following the completion of the transaction, the executive vice president now owns 22,393 shares of the company’s stock, valued at $588,264.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,360 shares of company stock valued at $711,574. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Corrections Corp. of America by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,243 shares of the real estate investment trust’s stock valued at $476,000 after purchasing an additional 55 shares during the last quarter. Steinberg Global Asset Management increased its stake in Corrections Corp. of America by 1.6% in the second quarter. Steinberg Global Asset Management now owns 23,158 shares of the real estate investment trust’s stock valued at $639,000 after purchasing an additional 369 shares during the last quarter. Retirement Systems of Alabama increased its stake in Corrections Corp. of America by 0.3% in the second quarter. Retirement Systems of Alabama now owns 152,315 shares of the real estate investment trust’s stock valued at $4,201,000 after purchasing an additional 406 shares during the last quarter. Capstone Asset Management Co. increased its stake in Corrections Corp. of America by 3.5% in the second quarter. Capstone Asset Management Co. now owns 12,876 shares of the real estate investment trust’s stock valued at $355,000 after purchasing an additional 430 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Corrections Corp. of America by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,266 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

About Corrections Corp. of America

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

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