Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Corecivic Inc (NYSE:CXW) by 94.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 372,603 shares of the real estate investment trust’s stock after purchasing an additional 180,656 shares during the period. Amundi Pioneer Asset Management Inc. owned about 0.31% of Corecivic worth $6,644,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Corecivic by 0.5% during the 3rd 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 during the period. Vanguard Group Inc lifted its position in shares of Corecivic by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 17,209,019 shares of the real estate investment trust’s stock worth $418,695,000 after purchasing an additional 90,081 shares during the period. BlackRock Inc. lifted its position in shares of Corecivic by 1.3% in the 4th quarter. BlackRock Inc. now owns 14,331,515 shares of the real estate investment trust’s stock worth $255,531,000 after purchasing an additional 185,381 shares during the period. FMR LLC lifted its position in shares of Corecivic by 15.4% in the 3rd quarter. FMR LLC now owns 7,140,571 shares of the real estate investment trust’s stock worth $173,732,000 after purchasing an additional 950,910 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Corecivic by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,628,022 shares of the real estate investment trust’s stock worth $88,269,000 after purchasing an additional 113,046 shares during the period. 81.78% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Corecivic from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, March 13th. ValuEngine raised shares of Corecivic from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th.
Corecivic (NYSE:CXW) last issued its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.22). Corecivic had a net margin of 8.67% and a return on equity of 11.80%. The business had revenue of $482.19 million for the quarter, compared to analysts’ expectations of $459.32 million. Equities analysts forecast that Corecivic Inc will post 2.44 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.44 per share. This is a boost from Corecivic’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 8.56%. The ex-dividend date was Friday, March 29th. Corecivic’s dividend payout ratio (DPR) is 76.19%.
In related news, CEO Damon T. Hininger sold 21,251 shares of Corecivic stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.69, for a total transaction of $439,683.19. Following the completion of the transaction, the chief executive officer now directly owns 273,493 shares of the company’s stock, valued at approximately $5,658,570.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thurgood Marshall, Jr. sold 7,200 shares of Corecivic stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $19.30, for a total transaction of $138,960.00. Following the transaction, the director now directly owns 36,447 shares of the company’s stock, valued at $703,427.10. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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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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