Corrections Corp. of America (NYSE:CXW) shares saw unusually-high trading volume on Friday . Approximately 18,184,892 shares changed hands during mid-day trading, an increase of 352% from the previous session’s volume of 4,022,405 shares.The stock last traded at $19.64 and had previously closed at $17.57.

A number of equities analysts have recently commented on CXW shares. Canaccord Genuity lowered their price target on Corrections Corp. of America from $34.00 to $30.00 and set a “hold” rating for the company in a report on Friday, August 5th. SunTrust Banks Inc. cut Corrections Corp. of America from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $37.00 to $34.00 in a report on Friday, July 1st. Zacks Investment Research cut Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Finally, TheStreet cut Corrections Corp. of America from a “buy” rating to a “hold” rating in a report on Friday, August 12th.

The stock has a 50-day moving average price of $30.83 and a 200 day moving average price of $31.48. The stock has a market capitalization of $2.24 billion and a price-to-earnings ratio of 11.09.

Corrections Corp. of America (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $463.30 million for the quarter, compared to the consensus estimate of $462.68 million. Corrections Corp. of America’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. Equities analysts forecast that Corrections Corp. of America will post $2.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 11.32%.

A number of institutional investors have recently made changes to their positions in the stock. Utah Retirement Systems raised its position in Corrections Corp. of America by 9.3% in the fourth quarter. Utah Retirement Systems now owns 40,120 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 3,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Corrections Corp. of America during the fourth quarter worth approximately $1,534,000. Systematic Financial Management LP bought a new position in Corrections Corp. of America during the fourth quarter worth approximately $1,710,000. Cornerstone Capital Management Holdings LLC. raised its position in Corrections Corp. of America by 2.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 69,364 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 1,494 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Corrections Corp. of America during the fourth quarter worth approximately $5,372,000.

Corrections Corporation of America 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. The Company’s facilities offer a range of rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.