NumerixS Investment Technologies Inc lifted its holdings in shares of Corecivic Inc (NYSE:CXW) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,600 shares of the real estate investment trust’s stock after acquiring an additional 3,300 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Corecivic were worth $308,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of Corecivic by 0.5% in the third quarter. Vanguard Group Inc now owns 17,209,019 shares of the real estate investment trust’s stock valued at $418,695,000 after buying an additional 90,081 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Corecivic by 1.6% in the first quarter. BlackRock Inc. now owns 14,556,986 shares of the real estate investment trust’s stock valued at $283,135,000 after buying an additional 225,471 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Corecivic by 0.4% in the fourth quarter. Northern Trust Corp now owns 1,961,667 shares of the real estate investment trust’s stock valued at $34,976,000 after buying an additional 8,246 shares in the last quarter. LSV Asset Management raised its stake in Corecivic by 17.9% during the 1st quarter. LSV Asset Management now owns 1,524,613 shares of the real estate investment trust’s stock valued at $29,653,000 after purchasing an additional 231,500 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Corecivic by 15.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,343,734 shares of the real estate investment trust’s stock valued at $26,136,000 after purchasing an additional 179,894 shares during the period. 80.65% of the stock is currently owned by institutional investors and hedge funds.
CXW has been the topic of several recent analyst reports. ValuEngine downgraded shares of Corecivic from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Zacks Investment Research raised shares of Corecivic from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, March 13th. Finally, TheStreet upgraded shares of Corecivic from a “c+” rating to a “b-” rating in a report on Monday, June 10th.
Corecivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.18). Corecivic had a return on equity of 12.72% and a net margin of 9.09%. The business had revenue of $484.06 million during the quarter, compared to analyst estimates of $466.75 million. During the same period last year, the company earned $0.53 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts anticipate that Corecivic Inc will post 2.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be given a dividend of $0.44 per share. The ex-dividend date is Friday, June 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 8.71%. Corecivic’s dividend payout ratio is 76.19%.
CoreCivic 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, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.
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