Headlines about Corrections Corp. of America (NYSE:CXW) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corrections Corp. of America earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5260302065523 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Corrections Corp. of America (NYSE:CXW) opened at 26.88 on Monday. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 14.96 and a beta of 0.92. The company has a 50 day moving average price of $26.34 and a 200-day moving average price of $30.02. Corrections Corp. of America has a 52-week low of $12.99 and a 52-week high of $35.33.

Corrections Corp. of America (NYSE:CXW) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.23. The company had revenue of $436.39 million during the quarter, compared to the consensus estimate of $437.92 million. Corrections Corp. of America had a return on equity of 14.54% and a net margin of 11.62%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities research analysts anticipate that Corrections Corp. of America will post $1.53 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.25%. Corrections Corp. of America’s dividend payout ratio is presently 93.86%.

Several brokerages recently weighed in on CXW. Deutsche Bank AG raised their target price on Corrections Corp. of America from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research cut Corrections Corp. of America from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Canaccord Genuity set a $36.00 target price on Corrections Corp. of America and gave the company a “buy” rating in a research note on Friday, May 19th. BidaskClub cut Corrections Corp. of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine raised Corrections Corp. of America from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Corrections Corp. of America has an average rating of “Buy” and an average price target of $30.25.

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In related news, EVP Kim White sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $26.27, for a total value of $131,350.00. Following the completion of the sale, the executive vice president now owns 22,393 shares in the company, valued at $588,264.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Corrections Corp. of America Company Profile

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.

Insider Buying and Selling by Quarter for Corrections Corp. of America (NYSE:CXW)

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