Axa increased its holdings in Corecivic Inc (NYSE:CXW) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,200 shares of the real estate investment trust’s stock after buying an additional 133,987 shares during the period. Axa owned about 0.34% of Corecivic worth $8,983,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in Corecivic by 0.9% in the fourth quarter. BlackRock Inc. now owns 10,766,519 shares of the real estate investment trust’s stock worth $242,247,000 after buying an additional 95,372 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Corecivic by 4.5% in the third 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 buying an additional 92,348 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 worth $39,504,000 after buying an additional 76,114 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in 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 worth $32,669,000 after buying an additional 176,175 shares in the last quarter. Finally, Lee Danner & Bass Inc. raised its stake in Corecivic by 7.1% in the fourth quarter. Lee Danner & Bass Inc. now owns 1,303,017 shares of the real estate investment trust’s stock worth $29,318,000 after buying an additional 86,301 shares in the last quarter. 79.84% of the stock is owned by institutional investors.
CXW has been the subject of a number of recent research reports. ValuEngine downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Corecivic from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.75.
Corecivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.15). The business had revenue of $440.58 million for the quarter, compared to analyst estimates of $429.88 million. Corecivic had a return on equity of 12.61% and a net margin of 10.08%. equities research analysts anticipate that Corecivic Inc will post 2.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, March 29th. This is an increase from Corecivic’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.84%. Corecivic’s dividend payout ratio is presently 109.09%.
In other Corecivic news, Director Mark A. Emkes purchased 5,000 shares of Corecivic stock in a transaction dated Friday, March 2nd. The shares were acquired at an average cost of $21.17 per share, with a total value of $105,850.00. Following the completion of the transaction, the director now owns 56,488 shares in the company, valued at approximately $1,195,850.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company’s stock.
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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