About Drive Shack (NYSE:DS)
Drive Shack Inc., formerly Newcastle Investment Corp., is a leisure company. The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company's portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets. American Golf Corporation operates approximately 90 private, resort and public golf courses throughout the United States. It has a range of public and private golf courses in California, New York, and Georgia. It operates multiple facilities that provide golf, tennis, swimming and spa facilities, among others. Its online Pro Shop offers a range of golf gifts, such as personalized golf balls, golf luggage and accessories. Its public golf courses equipped with practice areas, golf shops, driving ranges, and food and beverage options.
Industry, Sector and Symbol:
- Industry: Golf Courses
- Sub-Industry: N/A
- Sector: Golf Courses
- Symbol: NYSE:DS
- CUSIP: N/A
- Web: ir.driveshack.com
- Debt-to-Equity Ratio: 1.25%
- Current Ratio: 5.85%
- Quick Ratio: 5.85%
Sales & Book Value:
- Trailing P/E Ratio: 12.45
- Forward P/E Ratio: -12.54
- Annual Sales: $298.88 million
- Price / Sales: 1.15
- Cash Flow: $0.90 per share
- Price / Cash: 5.73
- Book Value: $2.01 per share
- Price / Book: 2.56
- Annual Dividend: $0.12
- Dividend Yield: 2.5%
- Trailing EPS: ($0.65)
- Net Income: $77.07 million
- Net Margins: -12.99%
- Return on Equity: 17.68%
- Return on Assets: 2.96%
- Employees: 4,700
- Outstanding Shares: 66,960,000
Frequently Asked Questions for Drive Shack (NYSE:DS)
What is Drive Shack's stock symbol?
Drive Shack trades on the New York Stock Exchange (NYSE) under the ticker symbol "DS."
How often does Drive Shack pay dividends? What is the dividend yield for Drive Shack?
Drive Shack announced a quarterly dividend on Wednesday, December 7th. Shareholders of record on Tuesday, December 20th will be given a dividend of $0.12 per share on Tuesday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Friday, December 16th. View Drive Shack's Dividend History.
How were Drive Shack's earnings last quarter?
Drive Shack Inc. (NYSE:DS) announced its quarterly earnings results on Wednesday, November, 1st. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.19. The real estate investment trust had revenue of $81.70 million for the quarter, compared to the consensus estimate of $81.50 million. Drive Shack had a positive return on equity of 17.68% and a negative net margin of 12.99%. Drive Shack's quarterly revenue was down 1.8% on a year-over-year basis. View Drive Shack's Earnings History.
When will Drive Shack make its next earnings announcement?
Where is Drive Shack's stock going? Where will Drive Shack's stock price be in 2017?
1 equities research analysts have issued 1 year price objectives for Drive Shack's stock. Their forecasts range from $3.75 to $3.75. On average, they expect Drive Shack's share price to reach $3.75 in the next twelve months. View Analyst Ratings for Drive Shack.
Who are some of Drive Shack's key competitors?
Some companies that are related to Drive Shack include Renren (RENN), EP Energy Corporation (EPE), Movado Group (MOV), Donnelley Financial Solutions (DFIN), Triple-S Management Corporation (GTS), Just Energy Group (JE), Exar (EXAR), New Senior Investment Group (SNR), Stone Energy Corporation (SGY), Denbury Resources (DNR), Bonanza Creek Energy (BCEI), Premiere Global Services (PGI), Fortuna Silver Mines (FSM), First Potomac Realty Trust (FPO), Solaris Oilfield Infrastructure (SOI), Express (EXPR), Kindred Healthcare (KND) and K12 (LRN).
Who are Drive Shack's key executives?
Drive Shack's management team includes the folowing people:
- Wesley Robert Edens, Chairman of the Board (Age 55)
- Sarah L. Watterson, President, Chief Executive Officer (Age 29)
- Lawrence A Goodfield Jr., Chief Financial Officer, Chief Accounting Officer, Treasurer (Age 37)
- Sara A. Yakin, Chief Operating Officer (Age 30)
- Kenneth M. Riis, Director (Age 55)
- Kevin J. Finnerty, Independent Director (Age 62)
- Stuart A. McFarland, Independent Director (Age 70)
- David K. McKown, Independent Director (Age 79)
- Clifford Press, Independent Director (Age 63)
Who owns Drive Shack stock?
Drive Shack's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include American Assets Capital Advisers (4.60%), Dimensional Fund Advisors LP (1.98%), Boston Partners (1.78%), Vivaldi Asset Management LLC (1.33%), Fuller & Thaler Asset Management Inc. (1.00%) and Janney Montgomery Scott LLC (0.84%). Company insiders that own Drive Shack stock include Alan L Tyson and Wesley R Edens. View Institutional Ownership Trends for Drive Shack.
Who sold Drive Shack stock? Who is selling Drive Shack stock?
Drive Shack's stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Cubist Systematic Strategies LLC and California State Teachers Retirement System. View Insider Buying and Selling for Drive Shack.
Who bought Drive Shack stock? Who is buying Drive Shack stock?
Drive Shack's stock was bought by a variety of institutional investors in the last quarter, including Vivaldi Asset Management LLC, American Assets Capital Advisers, Dimensional Fund Advisors LP, Janney Montgomery Scott LLC, Fuller & Thaler Asset Management Inc., Boston Partners, IndexIQ Advisors LLC and Nationwide Fund Advisors. Company insiders that have bought Drive Shack stock in the last two years include Alan L Tyson and Wesley R Edens. View Insider Buying and Selling for Drive Shack.
How do I buy Drive Shack stock?
Shares of Drive Shack can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Drive Shack's stock price today?
One share of Drive Shack stock can currently be purchased for approximately $5.14.
How big of a company is Drive Shack?
Drive Shack has a market capitalization of $334.82 million and generates $298.88 million in revenue each year. The real estate investment trust earns $77.07 million in net income (profit) each year or ($0.65) on an earnings per share basis. Drive Shack employs 4,700 workers across the globe.
How can I contact Drive Shack?
Drive Shack's mailing address is 1345 Avenue of the Americas Fl 46, NEW YORK, NY 10105-0302, United States. The real estate investment trust can be reached via phone at +1-212-7986100 or via email at [email protected]
MarketBeat Community Rating for Drive Shack (NYSE DS)MarketBeat's community ratings are surveys of what our community members think about Drive Shack and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Drive Shack (NYSE:DS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 0 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$3.75 (27.04% downside)|
Consensus Price Target History for Drive Shack (NYSE:DS)
Analysts' Ratings History for Drive Shack (NYSE:DS)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|3/1/2017||Imperial Capital||Reiterated Rating||In-Line||$4.00 -> $3.75||N/A|
Earnings History and Estimates Chart for Drive Shack (NYSE:DS)
Earnings History by Quarter for Drive Shack (NYSE DS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/27/2018|| || || || || || || || |
|11/1/2017||Q3 2017||($0.06)||$0.13||$81.50 million||$81.70 million||View||N/A|
|8/2/2017||Q2 2017||($0.04)||$0.11||$84.48 million||$81.36 million||View||Listen|
|5/5/2017||Q1 2017||($0.10)||($0.01)||$63.02 million||$59.10 million||View||N/A|
|2/28/2017||Q416||$0.09||$0.10||$10.07 million||$69.10 million||View||Listen|
|11/4/2016||Q316||$0.12||$0.42||$4.84 million||$83.16 million||View||N/A|
|5/10/2016||Q1||$0.13||$0.05||$75.73 million||$7.51 million||View||Listen|
|3/8/2016||Q4||$0.17||$0.13||$22.75 million||$69.40 million||View||N/A|
|11/4/2015||Q315||$0.20||$0.16||$62.82 million||$82.86 million||View||N/A|
|8/5/2015||Q215||$0.21||$0.40||$62.82 million||$24.26 million||View||N/A|
|5/8/2015||Q115||$0.05||$0.11||$62.82 million||$10.35 million||View||N/A|
|3/2/2015||Q414||$0.26||$0.17||$36.12 million||$580.00 million||View||N/A|
|11/4/2014||Q314||$0.66||$0.06||$9.92 million||($5.01) million||View||N/A|
|8/7/2014||Q214||$0.10||$0.09||$47.32 million||$29.90 million||View||N/A|
|5/2/2014||Q114||$0.09||$0.10||$10.00 million||$121.63 million||View||N/A|
|11/1/2013||Q313||$0.11||$0.08||$44.54 million||$26.93 million||View||N/A|
|8/7/2013||Q2 2013||$0.10||$0.09||$49.45 million||View||N/A|
Earnings Estimates for Drive Shack (NYSE:DS)
2017 EPS Consensus Estimate: ($0.27)
2018 EPS Consensus Estimate: ($0.07)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Drive Shack (NYSE:DS)
|Most Recent Dividend:||1/31/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-18.46% (Trailing 12 Months of Earnings) |
-29.27% (Based on This Year's Estimates)
-200.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Drive Shack (NYSE DS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Drive Shack (NYSE DS)
Insider Ownership Percentage: 7.20%
Institutional Ownership Percentage: 42.76%
Insider Trades by Quarter for Drive Shack (NYSE DS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/14/2017||Wesley R Edens||Director||Buy||561,317||$4.09||$2,295,786.53|| |
|11/9/2017||Wesley R Edens||Director||Buy||398,895||$3.97||$1,583,613.15|| |
|11/6/2017||Alan L Tyson||Director||Buy||32,240||$4.00||$128,960.00|| |
|11/3/2017||Alan L Tyson||Director||Buy||37,760||$3.76||$141,977.60|| |
|5/10/2017||Alan L Tyson||Director||Buy||100,000||$3.81||$381,000.00|| |
|3/6/2017||Wesley R Edens||Director||Buy||1,000,000||$4.20||$4,200,000.00|| |
|12/15/2016||Wesley R Edens||Director||Buy||1,000,000||$4.37||$4,370,000.00|| |
|12/14/2016||Wesley R Edens||Director||Buy||112,000||$4.16||$465,920.00|| |
|12/13/2016||Wesley R Edens||Director||Buy||2,172,000||$4.15||$9,013,800.00|| |
|12/12/2016||Wesley R Edens||Director||Buy||1,000,000||$4.15||$4,150,000.00|| |
|11/11/2015||Kenneth M Riis||CEO||Sell||37,556||$4.64||$174,259.84|| |
|9/3/2014||Stuart A Mcfarland||Director||Sell||6,173||$13.50||$83,335.50|| |
|8/29/2014||David K Mckown||Director||Sell||9,498||$13.45||$127,748.10|| |
|8/28/2014||Kenneth M Riis||CEO||Sell||99,942||$13.44||$1,343,220.48|| |
|8/27/2014||Kenneth M Riis||CEO||Sell||75,000||$13.48||$1,011,000.00|| |
|6/17/2013||Wesley R Edens||Director||Buy||500,000||$4.97||$2,485,000.00|| |
|2/15/2013||Wesley R Edens||Director||Buy||95,500||$10.48||$1,000,840.00|| |
|1/11/2013||Wesley R Edens||Director||Buy||106,950||$9.35||$999,982.50|| |
Latest Headlines for Drive Shack (NYSE DS)
|Analysts Expect Drive Shack Inc. (DS) to Announce ($0.07) Earnings Per Share|
www.americanbankingnews.com - November 16 at 11:38 AM
|Insider Buying: Drive Shack Inc. (DS) Director Buys 561,317 Shares of Stock|
www.americanbankingnews.com - November 14 at 7:38 PM
|Drive Shack Inc. (DS) Director Wesley R. Edens Acquires 398,895 Shares|
www.americanbankingnews.com - November 10 at 12:21 AM
|Drive Shack Inc. (DS) Director Acquires $128,960.00 in Stock|
www.americanbankingnews.com - November 7 at 7:10 PM
|Drive Shack Inc. (DS) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - November 6 at 10:16 PM
|Live Nation Entertainment (LYV) Jumps: Stock Rises 7.1%|
www.nasdaq.com - November 6 at 7:26 PM
|Imperial Capital Comments on Drive Shack Inc.'s FY2017 Earnings (DS)|
www.americanbankingnews.com - November 6 at 6:14 AM
|Alan L. Tyson Buys 37,760 Shares of Drive Shack Inc. (DS) Stock|
www.americanbankingnews.com - November 3 at 9:24 PM
|Drive Shack's (DS) CEO Sarah Watterson on Q3 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - November 3 at 6:37 PM
|Drive Shack, Inc. (DS) PT Raised to $3 at Imperial Capital Following 3Q Report - StreetInsider.com|
www.streetinsider.com - November 3 at 1:34 PM
|Drive Shack Inc. Announces Third Quarter 2017 Results and Declares Fourth Quarter 2017 Preferred Stock Dividends - Business Wire (press release)|
www.businesswire.com - November 2 at 5:06 AM
|Drive Shack reports 3Q loss|
www.cnbc.com - November 1 at 7:01 PM
|Drive Shack Inc. Announces Third Quarter 2017 Results and Declares Fourth Quarter 2017 Preferred Stock Dividends|
finance.yahoo.com - November 1 at 7:00 PM
|Drive Shack Inc. (DS) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS|
www.americanbankingnews.com - November 1 at 2:26 PM
|Drive Shack Inc. (DS) Scheduled to Post Quarterly Earnings on Wednesday|
www.americanbankingnews.com - October 31 at 2:48 PM
|Drive Shack Inc. Schedules Third Quarter 2017 Earnings Release ... - Business Wire (press release)|
www.businesswire.com - October 31 at 4:47 AM
|Drive Shack Inc. Schedules Third Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - October 30 at 6:41 PM
|Zacks Investment Research Downgrades Drive Shack Inc. (DS) to Hold|
www.americanbankingnews.com - October 26 at 9:28 PM
|McDonald's Will Cook Up Mobile Ordering at 20,000 Restaurants by Year End|
www.thestreet.com - October 25 at 1:41 AM
|Drive Shack Inc. (DS) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - October 19 at 8:58 PM
|Zacks Investment Research Upgrades Drive Shack Inc. (DS) to Buy|
www.americanbankingnews.com - October 17 at 9:38 PM
|Royal Caribbean Unveils 25th Ship With Symphony of the Seas|
finance.yahoo.com - October 17 at 6:48 PM
|Financial Contrast: Drive Shack (DS) vs. Communications Sales & Leasing,Inc. (UNIT)|
www.americanbankingnews.com - October 9 at 12:30 AM
|Financial Comparison: Drive Shack (DS) versus Its Competitors|
www.americanbankingnews.com - October 7 at 12:18 AM
|Head-To-Head Survey: Drive Shack (DS) vs. Its Rivals|
www.americanbankingnews.com - October 5 at 8:26 PM
|Breakfast Technical Briefing on REIT Stocks -- Anworth Mortgage Asset, Blackstone Mortgage Trust, Brandywine Realty ... - PR Newswire (press release)|
www.prnewswire.com - September 22 at 8:51 AM
|Head to Head Comparison: Drive Shack (DS) & Its Competitors|
www.americanbankingnews.com - September 18 at 2:26 AM
|Investor-Forced Selling Has Caused Drive Shack To Become Heavily Discounted - Seeking Alpha|
seekingalpha.com - September 15 at 11:31 PM
|Topgolf competitor opening in West Valley (next door to Topgolf's upcoming location)|
www.bizjournals.com - September 12 at 6:50 PM
|Drive Shack Swings Into Another New Market With Golf Entertainment Complex Set to Open in Phoenix - PR Newswire (press release)|
www.prnewswire.com - September 11 at 6:36 PM
|Drive Shack Swings Into Another New Market With Golf Entertainment Complex Set to Open in Phoenix|
finance.yahoo.com - September 11 at 6:36 PM
|QTS Realty Trust (QTS) & Drive Shack (DS) Financial Survey|
www.americanbankingnews.com - September 11 at 2:18 PM
|Corrections Corp. of America (CXW) versus Drive Shack (DS) Critical Contrast|
www.americanbankingnews.com - September 6 at 6:26 PM
|Drive Shack (DS) and QTS Realty Trust (QTS) Head to Head Analysis|
www.americanbankingnews.com - September 2 at 6:08 AM
|Analyzing Corrections Corp. of America (CXW) & Drive Shack (DS)|
www.americanbankingnews.com - August 31 at 12:23 AM
|Drive Shack Is The Poster Boy For Why I Believe REITs Are Cockroach Companies - Seeking Alpha|
seekingalpha.com - August 14 at 6:24 PM
|Financial Contrast: CorEnergy Infrastructure Trust (CORR) versus Drive Shack (DS)|
www.americanbankingnews.com - August 12 at 12:30 AM
|Drive Shack Inc. (DS) to Post Q3 2017 Earnings of ($0.06) Per Share, Imperial Capital Forecasts|
www.americanbankingnews.com - August 7 at 7:08 AM
|Drive Shack's (DS) CEO Sarah Watterson on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - August 2 at 11:57 PM
|Drive Shack reports 2Q loss|
www.cnbc.com - August 2 at 6:56 PM
|Drive Shack Inc. Announces Second Quarter 2017 Results and Declares Third Quarter 2017 Preferred Stock Dividends|
finance.yahoo.com - August 2 at 6:56 PM
|Drive Shack Inc. (NYSE:DS) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS|
www.americanbankingnews.com - August 2 at 4:53 PM
|Drive Shack (NYSE:DS) and Farmland Partners (FPI) Head to Head Comparison|
www.americanbankingnews.com - August 1 at 7:50 AM
|Drive Shack Inc. (NYSE:DS) to Release Quarterly Earnings on Wednesday|
www.americanbankingnews.com - July 27 at 10:27 AM
|Reviewing Farmland Partners (FPI) & Drive Shack (NYSE:DS)|
www.americanbankingnews.com - July 27 at 12:30 AM
|Drive Shack Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call - Business Wire (press release)|
www.businesswire.com - July 26 at 6:37 PM
|Drive Shack Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call|
finance.yahoo.com - July 26 at 6:37 PM
|Critical Survey: CorEnergy Infrastructure Trust (CORR) and Drive Shack (NYSE:DS)|
www.americanbankingnews.com - July 22 at 8:02 AM
|New Residential Investment Corp. Is Currently Undervalued By 20%|
seekingalpha.com - July 21 at 1:27 AM
|Short Interest in Drive Shack Inc. (NYSE:DS) Expands By 203.9%|
www.americanbankingnews.com - July 19 at 7:08 AM
Financials are not available for this stock.
Drive Shack (NYSE DS) Chart for Sunday, November, 19, 2017