Allianz Asset Management GmbH cut its holdings in shares of Corecivic Inc (NYSE:CXW) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,230 shares of the real estate investment trust’s stock after selling 4,460 shares during the period. Allianz Asset Management GmbH owned about 0.07% of Corecivic worth $1,683,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Ranger Global Real Estate Advisors LLC lifted its position in shares of Corecivic by 27.5% in the 4th quarter. Ranger Global Real Estate Advisors LLC now owns 695,964 shares of the real estate investment trust’s stock worth $15,659,000 after purchasing an additional 149,900 shares during the period. MetLife Investment Advisors LLC acquired a new position in shares of Corecivic in the 4th quarter worth approximately $1,683,000. Teacher Retirement System of Texas lifted its position in shares of Corecivic by 315.7% in the 4th quarter. Teacher Retirement System of Texas now owns 40,605 shares of the real estate investment trust’s stock worth $914,000 after purchasing an additional 30,836 shares during the period. Deutsche Bank AG lifted its position in shares of Corecivic by 81.7% in the 4th quarter. Deutsche Bank AG now owns 464,881 shares of the real estate investment trust’s stock worth $10,457,000 after purchasing an additional 209,006 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Corecivic by 77.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,296 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 4,478 shares during the period. Institutional investors and hedge funds own 79.23% of the company’s stock.
A number of research analysts have recently issued reports on CXW shares. Zacks Investment Research upgraded shares of Corecivic from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, April 17th. ValuEngine downgraded shares of Corecivic from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, TheStreet upgraded shares of Corecivic from a “c” rating to a “b-” rating in a research report on Monday, June 25th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $32.50.
NYSE:CXW opened at $23.89 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 10.30, a P/E/G ratio of 1.69 and a beta of 0.96. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.01 and a quick ratio of 1.01. Corecivic Inc has a twelve month low of $18.61 and a twelve month high of $29.23.
Corecivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.22. The company had revenue of $440.90 million during the quarter, compared to analyst estimates of $430.67 million. Corecivic had a net margin of 9.41% and a return on equity of 11.80%. Corecivic’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. analysts forecast that Corecivic Inc will post 2.27 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd will be paid a $0.43 dividend. The ex-dividend date is Friday, June 29th. This represents a $1.72 annualized dividend and a dividend yield of 7.20%. Corecivic’s dividend payout ratio is currently 74.14%.
In other news, Director Thurgood Marshall, Jr. sold 3,300 shares of Corecivic stock in a transaction on Monday, June 18th. The shares were sold at an average price of $21.09, for a total value of $69,597.00. Following the completion of the sale, the director now owns 33,321 shares in the company, valued at approximately $702,739.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, government real estate solutions, and a growing network of residential reentry centers to help address America's recidivism crisis.
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