Drive Shack Inc. owns and operates golf-related leisure and entertainment businesses. Its Traditional Golf Properties segment owns and operates golf properties in the United States. As of March 31, 2018, it owned, leased, or managed 74 properties in 12 states. The company's Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida. This segment also focuses on opening a chain of entertainment golf venues in the United States and internationally, which combine golf, competition, dining, and fun. The company was formerly known as Newcastle Investment Corp. and changed its name to Drive Shack Inc. in December 2016. Drive Shack Inc. was founded in 2002 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:DS
CUSIPN/A
Phone516-268-7460
Debt
Debt-to-Equity Ratio1.85
Current Ratio3.13
Quick Ratio3.13
Price-To-Earnings
Trailing P/E Ratio41.86
Forward P/E Ratio-14.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$292.59 million
Price / Sales1.35
Cash Flow$0.3166 per share
Price / Cash18.57
Book Value$1.63 per share
Price / Book3.61
Profitability
EPS (Most Recent Fiscal Year)$0.21
Net Income$-42,200,000.00
Net Margins-14.73%
Return on Equity-1.16%
Return on Assets-0.24%
Miscellaneous
Employees4,400
Outstanding Shares66,960,000
Market Cap$392.41 million
Drive Shack (NYSE:DS) Frequently Asked Questions
What is Drive Shack's stock symbol?
Drive Shack trades on the New York Stock Exchange (NYSE) under the ticker symbol "DS."
How were Drive Shack's earnings last quarter?
Drive Shack Inc (NYSE:DS) issued its quarterly earnings results on Friday, August, 3rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.13. The real estate investment trust had revenue of $91 million for the quarter, compared to analyst estimates of $80.55 million. Drive Shack had a negative return on equity of 1.16% and a negative net margin of 14.73%. View Drive Shack's Earnings History.
When is Drive Shack's next earnings date?
What price target have analysts set for DS?
1 Wall Street analysts have issued 12 month price targets for Drive Shack's stock. Their predictions range from $5.00 to $5.00. On average, they expect Drive Shack's share price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 15.0%. View Analyst Price Targets for Drive Shack.
What is the consensus analysts' recommendation for Drive Shack?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drive Shack in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Drive Shack.
Who are some of Drive Shack's key competitors?
Some companies that are related to Drive Shack include Safestore (SFSHF), Global Net Lease (GNL), National Storage Affiliates Trust (NSA), Caretrust REIT (CTRE), Industrial Logistics Properties Trust (ILPT), Summit Hotel Properties (INN), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Redwood Trust (RWT), Monmouth R.E. Inv. (MNR), TPG RE Finance Trust (TRTX), PennyMac Mortgage Investment Trust (PMT), Saul Centers (BFS), CorePoint Lodging (CPLG) and Easterly Government Properties (DEA).
Who are Drive Shack's key executives?
Drive Shack's management team includes the folowing people:
- Ms. Sarah L. Watterson, Pres & CEO (Age 31)
- Mr. Lawrence A. Goodfield Jr., CFO, Chief Accounting Officer & Treasurer (Age 39)
- Ms. Sara A. Yakin, Chief Operating Officer (Age 32)
- Mr. Nick Foley, Head of Investor Relations
- Mr. Gregory F. Hughes, Exec. Officer (Age 54)
Who are Drive Shack's major shareholders?
Drive Shack's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (11.29%), BlackRock Inc. (4.66%), Dimensional Fund Advisors LP (3.10%), Trafelet Brokaw Capital Management L.P. (2.04%), Connor Clark & Lunn Investment Management Ltd. (1.14%) and Northern Trust Corp (1.13%). Company insiders that own Drive Shack stock include Alan L Tyson and Wesley R Edens. View Institutional Ownership Trends for Drive Shack.
Which major investors are selling Drive Shack stock?
DS stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, GSA Capital Partners LLP, Connor Clark & Lunn Investment Management Ltd., EAM Investors LLC, Janney Montgomery Scott LLC, EAM Global Investors LLC, Bank of New York Mellon Corp and Bank of New York Mellon Corp. View Insider Buying and Selling for Drive Shack.
Which major investors are buying Drive Shack stock?
DS stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Trafelet Brokaw Capital Management L.P., Eagle Asset Management Inc., BlackRock Inc., Dimensional Fund Advisors LP, Essex Investment Management Co. LLC, Schwab Charles Investment Management Inc. and OMERS ADMINISTRATION Corp. 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 shares of Drive Shack?
Shares of DS 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 DS stock can currently be purchased for approximately $5.88.
How big of a company is Drive Shack?
Drive Shack has a market capitalization of $392.41 million and generates $292.59 million in revenue each year. The real estate investment trust earns $-42,200,000.00 in net income (profit) each year or $0.21 on an earnings per share basis. Drive Shack employs 4,400 workers across the globe.
What is Drive Shack's official website?
How can I contact Drive Shack?
Drive Shack's mailing address is 111 W. 19th Street, NEW YORK NY, 10011. The real estate investment trust can be reached via phone at 516-268-7460 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 DS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DS will underperform the S&P 500 over the long term. You may vote once every thirty days.
