Shares of Corecivic Inc (NYSE:CXW) have earned an average rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $36.00.

Several research analysts have commented on CXW shares. Zacks Investment Research downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “buy” rating and issued a $37.00 price target on shares of Corecivic in a report on Friday, November 10th. Finally, ValuEngine downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd.

A number of large investors have recently made changes to their positions in CXW. BlackRock Inc. raised its position in shares of Corecivic by 0.9% during the 4th quarter. BlackRock Inc. now owns 10,766,519 shares of the real estate investment trust’s stock valued at $242,247,000 after buying an additional 95,372 shares in the last quarter. Bank of New York Mellon Corp raised its position in Corecivic by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,140,892 shares of the real estate investment trust’s stock worth $57,312,000 after purchasing an additional 92,348 shares during the period. Renaissance Technologies LLC raised its position in Corecivic by 23.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,763,703 shares of the real estate investment trust’s stock worth $39,683,000 after purchasing an additional 337,600 shares during the period. Geode Capital Management LLC increased its position in shares of Corecivic by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 1,755,764 shares of the real estate investment trust’s stock valued at $39,504,000 after acquiring an additional 76,114 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Corecivic by 13.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,451,950 shares of the real estate investment trust’s stock valued at $32,669,000 after acquiring an additional 176,175 shares during the period. 82.33% of the stock is owned by hedge funds and other institutional investors.

Corecivic (NYSE CXW) opened at $21.26 on Wednesday. The company has a market cap of $2,390.09, a P/E ratio of 12.73, a P/E/G ratio of 1.50 and a beta of 0.85. Corecivic has a fifty-two week low of $19.59 and a fifty-two week high of $35.33. 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 issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 7.90%. The ex-dividend date was Friday, December 29th. Corecivic’s payout ratio is 100.60%.

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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.

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