Corrections Corp. of America (NYSE:CXW) Director Mark A. Emkes acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average cost of $25.62 per share, with a total value of $128,100.00. Following the acquisition, the director now directly owns 44,426 shares in the company, valued at $1,138,194.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Corrections Corp. of America (NYSE:CXW) traded down 0.12% during mid-day trading on Monday, hitting $25.96. 634,134 shares of the stock were exchanged. Corrections Corp. of America has a 52 week low of $12.99 and a 52 week high of $35.33. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.45 and a beta of 0.92. The stock’s 50-day moving average is $27.51 and its 200-day moving average is $30.64.

Corrections Corp. of America (NYSE:CXW) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.23. Corrections Corp. of America had a net margin of 11.62% and a return on equity of 14.54%. The company had revenue of $436.39 million during the quarter, compared to analyst estimates of $437.92 million. During the same period last year, the business earned $0.49 earnings per share. Corrections Corp. of America’s revenue was down 5.8% compared to the same quarter last year. Analysts forecast that Corrections Corp. of America will post $1.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.47%. Corrections Corp. of America’s dividend payout ratio (DPR) is currently 93.86%.

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Several institutional investors have recently added to or reduced their stakes in CXW. TLP Group LLC purchased a new position in Corrections Corp. of America during the first quarter worth approximately $113,000. Oppenheimer Asset Management Inc. purchased a new position in Corrections Corp. of America during the first quarter worth approximately $116,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 worth $118,000 after buying an additional 452 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in Corrections Corp. of America during the first quarter worth approximately $123,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Corrections Corp. of America during the first quarter worth approximately $126,000. Institutional investors own 88.79% of the company’s stock.

A number of analysts have issued reports on CXW shares. ValuEngine raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Canaccord Genuity set a $36.00 price objective on shares of Corrections Corp. of America and gave the company a “buy” rating in a report on Friday, May 19th. Deutsche Bank AG boosted their price objective on shares of Corrections Corp. of America from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Corrections Corp. of America presently has an average rating of “Hold” and a consensus target price of $30.25.

Corrections Corp. of America Company Profile

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.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

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