CoreCivic: Maintaining Strong Buy For This Highly Volatile Prison REIT [Seeking Alpha]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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US:NYSE Investor Relations:
ir.corecivic.com/investor-relations
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Source: Seeking Alpha
CoreCivic: Maintaining Strong Buy For This Highly Volatile Prison REIT Summary I recognize that prisons are controversial because the concept (of investing in prisons) is based on the motives of making money from incarceration. Recent political developments have prompted certain banks to stop lending to prison REITs. The “Black SWAN” event for CoreCivic or GEO occurs if Trump is not reelected in 2020 and the budget is impacted related to ICE contracts. Politics “rule the day” for this pick, and there will likely be continued volatility until there’s more clarity over the next election cycle. As a REIT analyst, one of the property sectors that I cover are prisons. For some investors, I recognize that prisons are controversial because the concept (of investing in prisons) is based on the motives of making money from incarceration. However, from a need perspective, prisons are considered critical infrastructure important to society Recent political developments have prompted certain bank
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CXW
News
- CoreCivic, Inc. (NYSE: CXW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- The total return for CoreCivic (NYSE:CXW) investors has risen faster than earnings growth over the last three years [Yahoo! Finance]Yahoo! Finance
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) had its price target raised by analysts at Wedbush from $18.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
CXW
Earnings
- 2/7/24 - Beat
CXW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- CXW's page on the SEC website