First Dallas Securities Inc. Buys New Stake in CoreCivic, Inc. $CXW

First Dallas Securities Inc. bought a new stake in CoreCivic, Inc. (NYSE:CXW) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 32,500 shares of the real estate investment trust’s stock, valued at approximately $621,000.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. boosted its holdings in CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,228 shares during the period. Smartleaf Asset Management LLC boosted its holdings in CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares during the period. Leonteq Securities AG bought a new stake in CoreCivic in the 4th quarter valued at $57,000. Fifth Third Bancorp boosted its holdings in CoreCivic by 320.7% in the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares during the period. Finally, LSV Asset Management bought a new stake in CoreCivic in the 3rd quarter valued at $151,000. 85.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CXW has been the subject of a number of research reports. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. JonesTrading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a report on Friday, February 13th. Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Benchmark assumed coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target for the company. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $32.00.

CoreCivic Trading Up 2.2%

Shares of CoreCivic stock opened at $25.25 on Wednesday. The stock has a market capitalization of $2.50 billion, a P/E ratio of 20.53 and a beta of 0.67. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The company has a 50-day simple moving average of $20.83 and a 200 day simple moving average of $19.50. CoreCivic, Inc. has a 12-month low of $15.73 and a 12-month high of $25.40.

CoreCivic (NYSE:CXW) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $614.73 million for the quarter, compared to analyst estimates of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Research analysts expect that CoreCivic, Inc. will post 2.66 earnings per share for the current fiscal year.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.