Media stories about Corecivic (NYSE:CXW) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corecivic earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.334538031618 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Shares of Corecivic (CXW) traded down $0.04 during mid-day trading on Wednesday, hitting $21.78. The company had a trading volume of 1,110,814 shares, compared to its average volume of 1,021,386. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10. Corecivic has a 1-year low of $21.41 and a 1-year high of $35.33. The company has a market cap of $2,609.95, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.58 and a beta of 0.88.

Corecivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. Corecivic had a return on equity of 13.54% and a net margin of 11.03%. The business had revenue of $442.80 million for the quarter, compared to the consensus estimate of $437.18 million. During the same period last year, the business earned $0.69 EPS. The firm’s revenue was down 6.8% compared to the same quarter last year. sell-side analysts predict that Corecivic will post 2.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Friday, December 29th. Corecivic’s payout ratio is 100.60%.

CXW has been the topic of a number of recent analyst reports. SunTrust Banks reissued a “buy” rating and issued a $37.00 price objective on shares of Corecivic in a research note on Friday, November 10th. Zacks Investment Research downgraded Corecivic from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. TheStreet downgraded Corecivic from a “b-” rating to a “c+” rating in a research note on Monday, August 21st. Finally, ValuEngine downgraded Corecivic from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.50.

In other Corecivic news, Director Thurgood Marshall, Jr. sold 2,360 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $25.90, for a total value of $61,124.00. Following the sale, the director now owns 31,083 shares of the company’s stock, valued at approximately $805,049.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Garfinkle sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.90, for a total value of $259,000.00. Following the completion of the sale, the chief financial officer now directly owns 90,114 shares in the company, valued at approximately $2,333,952.60. The disclosure for this sale can be found here. Insiders sold a total of 22,360 shares of company stock worth $580,224 over the last three months. 1.30% of the stock is owned by company insiders.

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Corecivic 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 Corecivic (NYSE:CXW)

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