Investors purchased shares of Corrections Corp. of America (NYSE:CXW) on weakness during trading on Friday. $8.05 million flowed into the stock on the tick-up and $6.20 million flowed out of the stock on the tick-down, for a money net flow of $1.85 million into the stock. Of all stocks tracked, Corrections Corp. of America had the 20th highest net in-flow for the day. Corrections Corp. of America traded down ($0.08) for the day and closed at $32.42

Several research analysts recently commented on CXW shares. Canaccord Genuity lifted their target price on shares of Corrections Corp. of America from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, March 22nd. Zacks Investment Research upgraded shares of Corrections Corp. of America from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, April 13th. Finally, SunTrust Banks Inc. downgraded shares of Corrections Corp. of America from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $37.00 to $34.00 in a report on Friday, July 1st.

The company has a market cap of $3.81 billion and a P/E ratio of 18.21. The stock has a 50-day moving average of $33.85 and a 200-day moving average of $30.90.

Corrections Corp. of America (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. During the same period in the prior year, the company earned $0.68 EPS. The company had revenue of $447.40 million for the quarter, compared to the consensus estimate of $443.47 million. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts forecast that Corrections Corp. of America will post $2.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Wednesday, June 29th.

Several large investors recently modified their holdings of CXW. Russell Frank Co increased its stake in shares of Corrections Corp. of America by 5.3% in the fourth quarter. Russell Frank Co now owns 677,758 shares of the real estate investment trust’s stock valued at $17,995,000 after buying an additional 34,382 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Corrections Corp. of America by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 150,627 shares of the real estate investment trust’s stock valued at $3,990,000 after buying an additional 2,097 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Corrections Corp. of America by 6.0% in the fourth quarter. Nationwide Fund Advisors now owns 397,543 shares of the real estate investment trust’s stock valued at $10,531,000 after buying an additional 22,598 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Corrections Corp. of America by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 223,795 shares of the real estate investment trust’s stock valued at $5,928,000 after buying an additional 3,548 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Corrections Corp. of America by 3.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,795 shares of the real estate investment trust’s stock valued at $1,266,000 after buying an additional 1,500 shares during the last quarter.

Corrections Corporation of America (CCA) is a real estate investment trust (REIT). The Company is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry, and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, the Company’s facilities offer a variety of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment.

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