News headlines about Corecivic (NYSE:CXW) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corecivic earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4269674886516 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
CXW has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Corecivic from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. ValuEngine downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.75.
Shares of Corecivic (CXW) opened at $21.75 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. Corecivic has a 52 week low of $19.59 and a 52 week high of $35.10. The company has a market cap of $2,592.22, a price-to-earnings ratio of 9.41, a PEG ratio of 1.64 and a beta of 0.91.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.91%. This is an increase from Corecivic’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, March 29th. Corecivic’s payout ratio is presently 112.00%.
In other Corecivic news, Director Mark A. Emkes purchased 5,000 shares of Corecivic stock in a transaction on Friday, March 2nd. The shares were purchased at an average cost of $21.17 per share, with a total value of $105,850.00. Following the completion of the transaction, the director now directly owns 56,488 shares in the company, valued at approximately $1,195,850.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.
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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