*Analyst As of about 10:50 a.m. EDT, the stock had pared those losses, but was still down by around 15.5%. CoreCivic Inc through its subsidiaries operates as a diversified Corrections Corporation of America, or CCA is a real estate investment trust involved in the ownership and operation of private prisons. Even though this will sting a lot for income-oriented investors that bought CoreCivic for its dividend, this move could help pay down debt and reduce the reliance on increasingly costly external capital. CoreCivic announced that its Board of Directors has decided to suspend the company's quarterly dividend … certification and important disclosures included in the full report. u003ca href='/checkout?service_id=mp_1164' sasource='mp_marketing_text_top'u003eGet started today »u003c/au003e","showPastPodcast":false,"publishDate":"2020/06/18","symbolType":"stocks","symbolExchange":"NYSE","accessReason":false,"excludedByTag":false},"author":{"id":68315,"userId":28873105,"slug":"jonathan-weber","exclusiveResearch":{"title":"Cash Flow Kingdom","short_pitch":"The Investment Community where "Cash Flow is King"","id":1164},"tagId":160305,"name":"Jonathan Weber","picture_url":"https://static1.seekingalpha.com/images/users_profile/028/873/105/big_pic.png","is_brand_author":false,"show_managed_account":false,"is_tier1":false},"comments":{"discussion_status":0,"discussion_message":"Comments disabled for this 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Shares are not expensive at all, based on forecasted AFFO of ~$250 million for 2021, CoreCivic is valued at just 4.9 times next year’s AFFO. CoreCivic had assets of $4.1 billion at the end of March, for a debt to assets ratio of 47%. Review CXW dividend yield and history, to decide if CXW is the best investment for you. The plunge was company-specific and news-related, and that news has huge implications for CoreCivic's future. If, for example, CoreCivic’s buildings lose value at just 2/3rds of the rate that GAAP assumes, the actual value of the real estate is higher by ~$500 million, which would result in a debt to assets ratio of 42%. CXW is currently trading at $10.37, down $2.15 or 17.17%, on the NYSE. It is mandatory to procure user consent prior to running these cookies on your website.
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