|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.53 - 24.85|
|52 Week Range||18.61 - 29.14|
|PE Ratio (TTM)||17.55|
|Forward Dividend & Yield||1.72 (7.24%)|
|1y Target Est||N/A|
The purchase contract is a sign CoreCivic is doing more than simply exploring options for relocating its headquarters.
Metro Council voted Tuesday to ask the city to stop investing in private-prison companies — including Nashville-based CoreCivic, formerly known as Corrections Corporation of America.
Focus on expansion of its life-science clusters in key markets will likely drive Alexandria's (ARE) growth. However, interest-rate hikes and currency fluctuations remain headwinds.
In a bid to increase leasing capacity in Charlotte, Liberty Property Trust (LPT) plans to develop a distribution center at 12830 Virkler Drive by the end of first-quarter 2019.
Some members of Metro Council want the city to stop investing in CoreCivic Inc., a Nashville-based private-prison operator.
The Trump administration’s new push for more federal detention facilities for immigrants awaiting asylum hearings or deportation has brightened the outlook for the country’s two largest private prison operators. Tennessee-based CoreCivic Inc. and Florida-based Geo Group had already been helped by higher federal spending on Immigration and Customs Enforcement. Now, the Trump administration is seeking $2.8 billion in the 2019 budget year to increase the number of beds in immigration detention centers to 52,000—49,500 adult and 2,500 family beds—from about 40,000 now, a spokeswoman said.
The biggest private prison operators, which have poured money into Republican coffers, stand to make a windfall from President Donald Trump’s “zero tolerance” policy on illegal immigration that has pushed thousands of undocumented immigrants into detention. The Department of Homeland Security is considering adding space for 15,000 additional people in family detention centers, about five times current capacity, even as the number of border crossings declines. GEO Group Inc. and CoreCivic Inc., which each run a facility that holds immigrant families in Texas, have made more than $2.5 million in combined political donations since 2015.
Have you been keeping an eye on CoreCivic Inc’s (NYSE:CXW) upcoming dividend of US$0.43 per share payable on the 16 July 2018? Then you only have 2 days left beforeRead More...
The Trump administration’s “zero tolerance” policy at the border generated weeks of outrage, but for some federal contractors it’s also generating profits, analysts say. Under Trump’s policy, launched in April, anyone who crosses the border without authorization is subject to criminal prosecution, even if they are seeking asylum.
The Trump administration's recent immigration crackdown has clearly been a boon for the private companies that own, manage and supply federal detention centers. A recent report from the Government Accountability Office found that the Immigration and Customs Enforcement division of the Department of Homeland Security had ended up spending more than originally budgeted to house detainees. In response to the GAO report in April, ICE officials said they had recently improved the process of estimating costs for the 2020 budget cycle, and they promised to "work to more effectively" to document the agency's cost reviews.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting CXW. Over the last one-month, outflows of investor capital in ETFs holding CXW totaled $1.04 billion. Additionally, the rate of outflows appears to be accelerating.
Private prison stocks The GEO Group Inc (NYSE: GEO ) and Corecivic Inc (NYSE: CXW ) were two of the biggest market gainers following President Donald Trump’s election victory in November 2016. Yet government ...
President Trump signs Executive Order to stop separating families. Yahoo Finance's Seana Smith, Dan Roberts, Dion Rabouin and Ethan Wolff-Mann discuss.