Corecivic Inc (NYSE:CXW) rose 5.1% on Tuesday . The stock traded as high as $21.39 and last traded at $21.26. Approximately 1,622,317 shares changed hands during trading, an increase of 56% from the average daily volume of 1,041,827 shares. The stock had previously closed at $20.22.

CXW has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and set a $37.00 target price on shares of Corecivic in a research note on Friday, November 10th. Zacks Investment Research cut Corecivic from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, ValuEngine cut Corecivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Corecivic presently has a consensus rating of “Hold” and a consensus price target of $33.25.

The stock has a market cap of $2,510.00, a PE ratio of 12.73, a P/E/G ratio of 1.50 and a beta of 0.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97.

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.90%. The ex-dividend date was Friday, December 29th. Corecivic’s dividend payout ratio (DPR) is 100.60%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its position 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 worth $113,000 after buying an additional 2,189 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Corecivic by 152.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,818 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 3,516 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in Corecivic during the fourth quarter worth approximately $173,000. Raymond James Financial Services Advisors Inc. increased its position in Corecivic by 8.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 629 shares during the period. Finally, Alps Advisors Inc. acquired a new position in Corecivic during the third quarter worth approximately $228,000. 82.33% of the stock is currently owned by institutional investors.

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About Corecivic

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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