Schroder Investment Management Group grew its holdings in shares of Corecivic Inc (NYSE:CXW) by 690.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,589 shares of the real estate investment trust’s stock after purchasing an additional 14,489 shares during the period. Schroder Investment Management Group’s holdings in Corecivic were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Advisory Services Network LLC lifted its stake in Corecivic by 115.0% during the second quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,189 shares in the last quarter. Arizona State Retirement System lifted its stake in Corecivic by 1.8% during the second quarter. Arizona State Retirement System now owns 49,800 shares of the real estate investment trust’s stock valued at $1,373,000 after buying an additional 900 shares in the last quarter. Bridgewater Associates LP purchased a new stake in Corecivic during the second quarter valued at about $255,000. Canada Pension Plan Investment Board lifted its stake in Corecivic by 133.9% during the third quarter. Canada Pension Plan Investment Board now owns 79,300 shares of the real estate investment trust’s stock valued at $2,123,000 after buying an additional 45,400 shares in the last quarter. Finally, Lee Danner & Bass Inc. lifted its stake in Corecivic by 3.1% during the third quarter. Lee Danner & Bass Inc. now owns 1,216,716 shares of the real estate investment trust’s stock valued at $32,571,000 after buying an additional 36,318 shares in the last quarter. Institutional investors own 83.20% of the company’s stock.
CXW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Corecivic from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Monday, December 4th. ValuEngine lowered shares of Corecivic from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, SunTrust Banks reissued a “buy” rating and issued a $37.00 price target on shares of Corecivic in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.50.
Corecivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $442.80 million during the quarter, compared to analyst estimates of $437.18 million. Corecivic had a net margin of 11.03% and a return on equity of 13.54%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. equities research analysts predict that Corecivic Inc will post 2.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.61%. The ex-dividend date of this dividend is Friday, December 29th. Corecivic’s payout ratio is presently 100.60%.
In related news, CFO David Garfinkle sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.01, for a total transaction of $260,100.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company 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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