Swiss National Bank Has $4.48 Million Holdings in Corecivic Inc (CXW)
Swiss National Bank raised its stake in Corecivic Inc (NYSE:CXW) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 199,218 shares of the real estate investment trust’s stock after buying an additional 2,800 shares during the quarter. Swiss National Bank’s holdings in Corecivic were worth $4,482,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. California Public Employees Retirement System grew its holdings in Corecivic by 3.8% in the 4th quarter. California Public Employees Retirement System now owns 477,768 shares of the real estate investment trust’s stock valued at $10,750,000 after buying an additional 17,346 shares in the last quarter. M&T Bank Corp grew its holdings in Corecivic by 6.1% in the 4th quarter. M&T Bank Corp now owns 103,496 shares of the real estate investment trust’s stock valued at $2,330,000 after buying an additional 5,961 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Corecivic by 315.7% in the 4th quarter. Teacher Retirement System of Texas now owns 40,605 shares of the real estate investment trust’s stock valued at $914,000 after buying an additional 30,836 shares in the last quarter. Alps Advisors Inc. grew its holdings in Corecivic by 173.2% in the 4th quarter. Alps Advisors Inc. now owns 23,225 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 14,724 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Corecivic in the 4th quarter valued at $8,672,000. Institutional investors own 81.36% of the company’s stock.
A number of equities analysts have recently weighed in on CXW shares. SunTrust Banks reiterated a “buy” rating and set a $37.00 price target on shares of Corecivic in a report on Friday, November 10th. Zacks Investment Research cut Corecivic from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Deutsche Bank lowered their price target on Corecivic from $35.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Corecivic presently has an average rating of “Hold” and a consensus target price of $32.75.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.43 per share. The ex-dividend date is Thursday, March 29th. This is a boost from Corecivic’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.07%. Corecivic’s dividend payout ratio is currently 112.00%.
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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.
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