Yahoo! FinanceHome - Yahoo! - Help

Market Guide

[ Stock Screener | Company & Fund Index | Financial Glossary ]

Profile - Correctional Properties (NYSE:CPV)
As of 31-Aug-2001
Enter symbol:
symbol lookup

 
More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 16Dividend payment of $0.365
July 30Price hit new 52-week high ($16.00)
Location
3300 PGA Blvd., Suite 750
Palm Beach Gardens, FL 33410
Phone: (561) 630-6336
Fax: (561) 630-6311
Employees (last reported count): 7
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 15%
·Institutional: 24% (28% of float)
(30 institutions)
·Net Inst. Buying: 36.0K shares (+2.08%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Correctional Properties Trust is a real estate investment trust (REIT) that capitalizes on the growing trend toward privatization in the corrections industry. The Company's principal business strategy is to acquire correctional and detention facilities from both private prison operators and governmental entities, and to lease such facilities to correctional and detention facility operators under long-term, non-cancelable, triple-net leases (leases where the tenant is required to pay all operating expenses, taxes, insurance, structural and non-structural repairs and other costs). The Company owned and leased 11 correctional properties in eight states, with an aggregate design capacity of 6,130 beds, as of year-end 2000. The 11 facilities consist of eight Initial Facilities acquired in connection with the Company's IPO, the Lea County Correctional Facility and the Lawton Correctional Facility purchase in January 1999 and the Jena Juvenile Correctional Facility purchased in January 2000.
More from Market Guide: Expanded Business Description

Financial Summary
CPV was formed as a real estate investment trust to capitalize on the growing trend toward privatization in the corrections industry by acquiring correctional and detention facilities from both private prison operators and governmental entities. For the six months ended 6/01, revenues increased 10% to $12.4 million. Earnings fell 1% to $4.3 million. Results reflect the purchase of Mountain View Correctional Facility, offset by increased interest expense.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

George Zoley, 51
Chairman of Trustees'
--  
Charles Jones, 52
Pres, CEO, Assistant Sec., Trustee
$292K
Richard Wackenhut, 53
Vice Chairman, Trustee
--  
Clarence Anthony, 41
Trustee, Director
--  
James Motta, 45
Trustee, Director
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:CPVAs of 31-Aug-2001
Price and Volume
52-Week Low
on 4-Oct-2000
$9.00 
Recent Price$14.80 
52-Week High
on 30-July-2001
$16.00 
Beta0.74 
Daily Volume (3-month avg)34.3K
Daily Volume (10-day avg)44.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+48.9%
52-Week Change
relative to S&P500
+99.8%
Share-Related Items
Market Capitalization$105.7M
Shares Outstanding7.14M
Float6.10M
Dividends & Splits
Annual Dividend (indicated)$1.46 
Dividend Yield9.87%
Last Splitnone 
Per-Share Data
Book Value (mrq)$17.64 
Earnings (ttm)$1.18 
Earnings (mrq)$0.31 
Sales (ttm)$3.34 
Cash (mrq)$0.14 
Valuation Ratios
Price/Book (mrq)0.84 
Price/Earnings (ttm)12.60 
Price/Sales (ttm)4.43 
Income Statements
Sales (ttm)$23.8M
EBITDA (ttm)$22.4M
Income available to common (ttm)$8.39M
Profitability
Profit Margin (ttm)35.2%
Operating Margin (ttm)35.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)3.64%
Return on Equity (ttm)6.55%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.09 
Total Cash (mrq)$992.0K
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.0%
Shares Short
(Prior Month)
6,000 
Short Ratio0.03 
Daily Volume33.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

Market Guide offers more in-depth Company Research, Stock Screening, and Hottest Stocks and Industries on over 10,000 U.S. Equities.


Copyright © 2001 Yahoo! Inc. All Rights Reserved. Privacy Policy - Terms of Service
Company information Copyright Market Guide. Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Yahoo nor any of its data or content providers (such as Market Guide, CSI, etc.) shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.