Corecivic (NYSE: CXW) is one of 16 public companies in the “Specialized REITs” industry, but how does it weigh in compared to its competitors? We will compare Corecivic to related companies based on the strength of its earnings, risk, dividends, profitability, analyst recommendations, institutional ownership and valuation.
This is a breakdown of current recommendations and price targets for Corecivic and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Corecivic presently has a consensus target price of $36.00, suggesting a potential upside of 38.78%. As a group, “Specialized REITs” companies have a potential upside of 10.73%. Given Corecivic’s stronger consensus rating and higher probable upside, analysts clearly believe Corecivic is more favorable than its competitors.
Earnings & Valuation
This table compares Corecivic and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Corecivic||$1.82 billion||$452.80 million||14.49|
|Corecivic Competitors||$966.23 million||$509.71 million||29.41|
Corecivic has higher revenue, but lower earnings than its competitors. Corecivic is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Corecivic pays an annual dividend of $1.68 per share and has a dividend yield of 6.5%. Corecivic pays out 93.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Specialized REITs” companies pay a dividend yield of 4.2% and pay out 170.4% of their earnings in the form of a dividend. Corecivic has increased its dividend for 4 consecutive years. Corecivic is clearly a better dividend stock than its competitors, given its higher yield and lower payout ratio.
Insider and Institutional Ownership
86.2% of Corecivic shares are held by institutional investors. Comparatively, 64.6% of shares of all “Specialized REITs” companies are held by institutional investors. 1.3% of Corecivic shares are held by company insiders. Comparatively, 6.4% of shares of all “Specialized REITs” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
This table compares Corecivic and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Volatility & Risk
Corecivic has a beta of 0.92, indicating that its stock price is 8% less volatile than the S&P 500. Comparatively, Corecivic’s competitors have a beta of 0.85, indicating that their average stock price is 15% less volatile than the S&P 500.
Corecivic beats its competitors on 10 of the 15 factors compared.
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. The Company provides a range of solutions to government partners that serve the public good corrections and detention management, government real estate solutions, and network of residential reentry centers. As of March 31, 2017, the Company owned or controlled 48 correctional and detention facilities, owned or controlled 27 residential reentry centers, and managed an additional 11 correctional and detention facilities owned by its government partners, with a total design capacity of approximately 88,400 beds in 20 states.
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