Drive Shack Company Profile (NYSE:DS)

About Drive Shack (NYSE:DS)

Drive Shack logoDrive 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:
  • Sector: Consumer Discretionary
  • Industry: Specialized REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:DS
  • CUSIP: N/A
  • Web: www.driveshack.com
Capitalization:
  • Market Cap: $206.15 million
  • Outstanding Shares: 66,932,000
Average Prices:
  • 50 Day Moving Avg: $2.71
  • 200 Day Moving Avg: $3.38
  • 52 Week Range: $2.41 - $4.69
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 7.51
  • P/E Growth: 1.12
Sales & Book Value:
  • Annual Revenue: $292.74 million
  • Price / Sales: 0.70
  • Book Value: $2.06 per share
  • Price / Book: 1.50
Dividend:
  • Annual Dividend: $0.24
  • Dividend Yield: 16.5%
Profitability:
  • EBIDTA: $8.22 million
  • Net Margins: -7.05%
  • Return on Equity: 25.92%
  • Return on Assets: 3.08%
Debt:
  • Debt-to-Equity Ratio: 3.45%
  • Current Ratio: 2.77%
  • Quick Ratio: 2.77%
Misc:
  • Average Volume: 590,462 shs.
  • Beta: 1.15
  • Short Ratio: 2.97
 

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 declared 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 annualized dividend and a yield of 15.58%. 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) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.11 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.15. The company had revenue of $81.36 million for the quarter, compared to analysts' expectations of $84.48 million. Drive Shack had a negative net margin of 7.05% and a positive return on equity of 25.92%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. View Drive Shack's Earnings History.

When will Drive Shack make its next earnings announcement?

Drive Shack is scheduled to release their next quarterly earnings announcement on Friday, November, 3rd 2017. View Earnings Estimates for Drive Shack.

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 target prices for Drive Shack's stock. Their forecasts range from $3.75 to $3.75. On average, they expect Drive Shack's stock 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?

Who are Drive Shack's key executives?

Drive Shack's management team includes the folowing people:

  • Wesley Robert Edens, Chairman of the Board
  • Sarah L. Watterson, President, Chief Executive Officer
  • Lawrence A Goodfield Jr., Chief Financial Officer, Chief Accounting Officer, Treasurer
  • Sara A. Yakin, Chief Operating Officer
  • Kenneth M. Riis, Director
  • Kevin J. Finnerty, Independent Director
  • Stuart A. McFarland, Independent Director
  • David K. McKown, Independent Director
  • Clifford Press, Independent Director

Who owns Drive Shack stock?

Drive Shack's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Broad Run Investment Management LLC (4.33%), Punch & Associates Investment Management Inc. (3.68%), American Assets Capital Advisers (3.33%), Vanguard Group Inc. (3.20%), Boston Partners (1.51%) and Dimensional Fund Advisors LP (1.28%). Company insiders that own Drive Shack stock include Alan L Tyson, Kenneth M Riis 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 Vanguard Group Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc., PDT Partners LLC, Virtu KCG Holdings LLC and First Trust Advisors LP. View Insider Buying and Selling for Drive Shack.

Who bought Drive Shack stock? Who is buying Drive Shack stock?

Drive Shack's stock was purchased by a variety of institutional investors in the last quarter, including Broad Run Investment Management LLC, State Street Corp, Northern Trust Corp, Dimensional Fund Advisors LP, Marshall Wace North America L.P., Janney Montgomery Scott LLC, Sei Investments Co. and GSA Capital Partners LLP. 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 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 $3.08.


MarketBeat Community Rating for Drive Shack (NYSE DS)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  92 (Vote Outperform)
Underperform Votes:  126 (Vote Underperform)
Total Votes:  218
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.

Analyst Ratings

Consensus Ratings for Drive Shack (NYSE:DS) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $3.75 (21.75% upside)

Analysts' Ratings History for Drive Shack (NYSE:DS)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/1/2017Imperial CapitalReiterated RatingIn-Line$4.00 -> $3.75N/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Drive Shack (NYSE:DS)
Earnings by Quarter for Drive Shack (NYSE:DS)
Earnings History by Quarter for Drive Shack (NYSE DS)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/3/2017        
8/2/2017Q2 2017($0.04)$0.11$84.48 million$81.36 millionViewListenView Earnings Details
5/5/2017Q1 2017($0.10)($0.01)$63.02 million$59.10 millionViewN/AView Earnings Details
2/28/2017Q416$0.09$0.10$10.07 million$69.10 millionViewListenView Earnings Details
11/4/2016Q316$0.12$0.42$4.84 million$83.16 millionViewN/AView Earnings Details
8/9/2016Q216$0.18$0.16$8.00 millionViewN/AView Earnings Details
5/10/2016Q1$0.13$0.05$75.73 million$7.51 millionViewListenView Earnings Details
3/8/2016Q4$0.17$0.13$22.75 million$69.40 millionViewN/AView Earnings Details
11/4/2015Q315$0.20$0.16$62.82 million$82.86 millionViewN/AView Earnings Details
8/5/2015Q215$0.21$0.40$62.82 million$24.26 millionViewN/AView Earnings Details
5/8/2015Q115$0.05$0.11$62.82 million$10.35 millionViewN/AView Earnings Details
3/2/2015Q414$0.26$0.17$36.12 million$580.00 millionViewN/AView Earnings Details
11/4/2014Q314$0.66$0.06$9.92 million($5.01) millionViewN/AView Earnings Details
8/7/2014Q214$0.10$0.09$47.32 million$29.90 millionViewN/AView Earnings Details
5/2/2014Q114$0.09$0.10$10.00 million$121.63 millionViewN/AView Earnings Details
2/28/2014Q413$0.09$0.08ViewN/AView Earnings Details
11/1/2013Q313$0.11$0.08$44.54 million$26.93 millionViewN/AView Earnings Details
8/7/2013Q2 2013$0.10$0.09$49.45 millionViewN/AView Earnings Details
5/3/2013Q113$0.29$0.16$81.42 millionViewListenView Earnings Details
2/28/2013Q412$0.28$0.19$94.04 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Drive Shack (NYSE:DS)
2017 EPS Consensus Estimate: ($0.27)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.10)($0.10)($0.10)
Q2 20171($0.04)($0.04)($0.04)
Q3 20171($0.06)($0.06)($0.06)
Q4 20171($0.07)($0.07)($0.07)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Drive Shack (NYSE:DS)
Most Recent Dividend:1/31/2017
Annual Dividend:$0.24
Dividend Yield:7.79%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-68.57% (Trailing 12 Months of Earnings)
75.00% (Based on This Year's Estimates)
58.54% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Drive Shack (NYSE:DS)

Dividend History by Quarter for Drive Shack (NYSE DS)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/7/2016quarterly$0.1211.09%12/16/201612/20/20161/31/2017
10/13/2016quarterly$0.1210.67%10/20/201610/24/201610/31/2016
7/12/2016quarterly$0.1210.19%7/20/20167/22/20167/29/2016
3/29/2016quarterly$0.1211.29%4/6/20164/8/20164/29/2016
12/14/2015quarterly$0.1211.65%12/22/201512/24/20151/29/2016
9/21/2015quarterly$0.129.32%9/29/201510/1/201510/30/2015
6/22/2015quarterly$0.129.96%6/30/20157/2/20157/31/2015
3/16/2015quarterly$0.1210.32%3/25/20153/27/20154/30/2015
12/22/2014quarterly$0.1210.21%12/30/20141/2/20151/30/2015
9/17/2014quarterly$0.309/25/20149/29/201410/31/2014
6/13/2014quarterly$0.107.92%6/20/20146/24/20147/31/2014
3/14/2014quarterly$0.108.42%3/21/20143/25/20144/30/2014
12/18/2013quarterly$0.107.42%12/26/201312/30/20131/31/2014
9/20/2013quarterly$0.109/30/201310/31/2013
6/3/2013quarterly$0.1712.9%6/11/20136/13/20137/31/2013
3/14/2013quarterly$0.227.61%3/21/20133/25/20134/30/2013
12/18/2012quarterly$0.2210.1%12/26/201212/28/20121/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Drive Shack (NYSE:DS)
Insider Ownership Percentage: 7.20%
Institutional Ownership Percentage: 41.78%
Insider Trades by Quarter for Drive Shack (NYSE:DS)
Institutional Ownership by Quarter for Drive Shack (NYSE:DS)
Insider Trades by Quarter for Drive Shack (NYSE:DS)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/10/2017Alan L TysonDirectorBuy100,000$3.81$381,000.00View SEC Filing  
3/6/2017Wesley R EdensDirectorBuy1,000,000$4.20$4,200,000.00View SEC Filing  
12/15/2016Wesley R EdensDirectorBuy1,000,000$4.37$4,370,000.00View SEC Filing  
12/14/2016Wesley R EdensDirectorBuy112,000$4.16$465,920.00View SEC Filing  
12/13/2016Wesley R EdensDirectorBuy2,172,000$4.15$9,013,800.00View SEC Filing  
12/12/2016Wesley R EdensDirectorBuy1,000,000$4.15$4,150,000.00View SEC Filing  
11/11/2015Kenneth M RiisCEOSell37,556$4.64$174,259.84View SEC Filing  
9/3/2014Stuart A McfarlandDirectorSell6,173$13.50$83,335.50View SEC Filing  
8/29/2014David K MckownDirectorSell9,498$13.45$127,748.10View SEC Filing  
8/28/2014Kenneth M RiisCEOSell99,942$13.44$1,343,220.48View SEC Filing  
8/27/2014Kenneth M RiisCEOSell75,000$13.48$1,011,000.00View SEC Filing  
6/17/2013Wesley R EdensDirectorBuy500,000$4.97$2,485,000.00View SEC Filing  
2/15/2013Wesley R EdensDirectorBuy95,500$10.48$1,000,840.00View SEC Filing  
1/11/2013Wesley R EdensDirectorBuy106,950$9.35$999,982.50View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Drive Shack (NYSE:DS)
Latest Headlines for Drive Shack (NYSE:DS)
Source:
DateHeadline
americanbankingnews.com logoHead to Head Comparison: Drive Shack (DS) & Its Competitors
www.americanbankingnews.com - September 18 at 2:26 AM
seekingalpha.com logoInvestor-Forced Selling Has Caused Drive Shack To Become Heavily Discounted - Seeking Alpha
seekingalpha.com - September 15 at 11:31 PM
bizjournals.com logoTopgolf competitor opening in West Valley (next door to Topgolf's upcoming location)
www.bizjournals.com - September 12 at 6:50 PM
prnewswire.com logoDrive 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
finance.yahoo.com logoDrive Shack Swings Into Another New Market With Golf Entertainment Complex Set to Open in Phoenix
finance.yahoo.com - September 11 at 6:36 PM
americanbankingnews.com logoQTS Realty Trust (QTS) & Drive Shack (DS) Financial Survey
www.americanbankingnews.com - September 11 at 2:18 PM
americanbankingnews.com logoCorrections Corp. of America (CXW) versus Drive Shack (DS) Critical Contrast
www.americanbankingnews.com - September 6 at 6:26 PM
americanbankingnews.com logoDrive Shack (DS) and QTS Realty Trust (QTS) Head to Head Analysis
www.americanbankingnews.com - September 2 at 6:08 AM
americanbankingnews.com logoAnalyzing Corrections Corp. of America (CXW) & Drive Shack (DS)
www.americanbankingnews.com - August 31 at 12:23 AM
seekingalpha.com logoDrive Shack Is The Poster Boy For Why I Believe REITs Are Cockroach Companies - Seeking Alpha
seekingalpha.com - August 14 at 6:24 PM
americanbankingnews.com logoFinancial Contrast: CorEnergy Infrastructure Trust (CORR) versus Drive Shack (DS)
www.americanbankingnews.com - August 12 at 12:30 AM
americanbankingnews.com logoDrive Shack Inc. (DS) Downgraded to Sell at Zacks Investment Research
www.americanbankingnews.com - August 8 at 9:32 PM
americanbankingnews.com logoDrive 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
seekingalpha.com logoDrive Shack's (DS) CEO Sarah Watterson on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 2 at 11:57 PM
cnbc.com logoDrive Shack reports 2Q loss
www.cnbc.com - August 2 at 6:56 PM
finance.yahoo.com logoDrive Shack Inc. Announces Second Quarter 2017 Results and Declares Third Quarter 2017 Preferred Stock Dividends
finance.yahoo.com - August 2 at 6:56 PM
americanbankingnews.com logoDrive Shack Inc. (NYSE:DS) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - August 2 at 4:53 PM
americanbankingnews.com logoDrive Shack (NYSE:DS) and Farmland Partners (FPI) Head to Head Comparison
www.americanbankingnews.com - August 1 at 7:50 AM
americanbankingnews.com logoDrive Shack Inc. (NYSE:DS) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - July 27 at 10:27 AM
americanbankingnews.com logoReviewing Farmland Partners (FPI) & Drive Shack (NYSE:DS)
www.americanbankingnews.com - July 27 at 12:30 AM
businesswire.com logoDrive Shack Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call - Business Wire (press release)
www.businesswire.com - July 26 at 6:37 PM
finance.yahoo.com logoDrive Shack Inc. Schedules Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 26 at 6:37 PM
americanbankingnews.com logoCritical Survey: CorEnergy Infrastructure Trust (CORR) and Drive Shack (NYSE:DS)
www.americanbankingnews.com - July 22 at 8:02 AM
seekingalpha.com logoNew Residential Investment Corp. Is Currently Undervalued By 20%
seekingalpha.com - July 21 at 1:27 AM
americanbankingnews.com logoShort Interest in Drive Shack Inc. (NYSE:DS) Expands By 203.9%
www.americanbankingnews.com - July 19 at 7:08 AM
americanbankingnews.com logoDrive Shack Inc. (NYSE:DS) Upgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - July 18 at 10:20 PM
americanbankingnews.com logoAmerican Tower Corporation (REIT) (AMT) & Drive Shack (DS) Head-To-Head Contrast
www.americanbankingnews.com - July 12 at 7:46 AM
nasdaq.com logoBUZZ-US STOCKS ON THE MOVE-Abercrombie, Clubcorp, Cesca Therapeutics, Hawaiian Telcom - Nasdaq
www.nasdaq.com - July 10 at 5:57 PM
bizjournals.com logoExclusive: Palm Beach airport could ink lease for $20M golf driving range
www.bizjournals.com - July 6 at 7:22 PM
bizjournals.com logoDrive Shack to start construction on Lake Nona complex - Orlando ... - Orlando Business Journal
www.bizjournals.com - May 24 at 9:38 PM
finance.yahoo.com logoExclusive: Construction tees up for $25M Lake Nona golf attraction
finance.yahoo.com - May 22 at 4:33 PM
americanbankingnews.com logoDrive Shack Inc to Post Q2 2017 Earnings of ($0.04) Per Share, Imperial Capital Forecasts (DS)
www.americanbankingnews.com - May 19 at 7:24 AM
finance.yahoo.com logoToshiba Introduces 40V/45V N-Channel Power MOSFETs with Industry-Leading Low On-Resistance
finance.yahoo.com - May 12 at 3:21 PM
americanbankingnews.com logoAlan L. Tyson Buys 100,000 Shares of Drive Shack Inc (DS) Stock
www.americanbankingnews.com - May 11 at 7:40 PM
bizjournals.com logoREIT Stocks on Investors' Radar -- Empire State Realty Trust, Drive Shack, Resource Capital, and RAIT Financial Trust
www.bizjournals.com - May 8 at 9:22 AM
seekingalpha.com logoDrive Shack's (DS) CEO Sarah Watterson on Q1 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - May 7 at 10:07 PM
finance.yahoo.com logoDrive Shack Inc. Announces First Quarter 2017 Results and Declares Second Quarter 2017 Preferred Stock Dividends
finance.yahoo.com - May 5 at 4:59 PM
americanbankingnews.com logoDrive Shack Inc (DS) Issues Earnings Results
www.americanbankingnews.com - May 5 at 4:41 PM
businesswire.com logoDrive Shack Inc. Schedules First Quarter 2017 Earnings Release and Conference Call - Business Wire (press release)
www.businesswire.com - May 3 at 4:43 PM
finance.yahoo.com logoDrive Shack Inc. Schedules First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - May 2 at 7:55 PM
americanbankingnews.com logoZacks: Drive Shack Inc (DS) Given Consensus Recommendation of "" by Brokerages
www.americanbankingnews.com - April 3 at 1:14 PM
seekingalpha.com logoDrive Shack: Non-GAAP Value Trap Is An Eventual Short - Seeking Alpha
seekingalpha.com - April 1 at 4:58 PM
bizjournals.com logoResearch Reports Coverage on REIT Stocks -- Gaming and Leisure, Drive Shack, Empire State Realty Trust, and Global Net Lease
www.bizjournals.com - March 22 at 4:56 PM
biz.yahoo.com logoDRIVE SHACK INC. Files SEC form 10-K, Annual Report
biz.yahoo.com - March 2 at 5:03 PM
finance.yahoo.com logoNext Catalyst: The First Drive Shack
finance.yahoo.com - March 2 at 5:03 PM
cnbc.com logoDrive Shack reports 4Q loss
www.cnbc.com - February 28 at 5:01 PM
finance.yahoo.com logoDrive Shack Inc. Announces Fourth Quarter and Full Year 2016 Results and Declares First Quarter 2017 Preferred Stock Dividends
finance.yahoo.com - February 28 at 8:11 AM
biz.yahoo.com logoDRIVE SHACK INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
biz.yahoo.com - February 28 at 8:11 AM
businesswire.com logoDrive Shack Inc. Schedules Fourth Quarter & Full Year 2016 Earnings Release and Conference Call - Business Wire (press release)
www.businesswire.com - February 22 at 6:44 AM
finance.yahoo.com logoDrive Shack Inc. Schedules Fourth Quarter & Full Year 2016 Earnings Release and Conference Call
finance.yahoo.com - February 22 at 6:44 AM

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Chart

Drive Shack (DS) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff