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
Current SymbolNYSE:DS
Previous Symbol
CUSIPN/A
Phone516-268-7460
Debt
Debt-to-Equity Ratio2.19
Current Ratio2.79
Quick Ratio2.79
Price-To-Earnings
Trailing P/E Ratio23.05
Forward P/E Ratio-11.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$292.59 million
Price / Sales1.11
Cash Flow$0.3048 per share
Price / Cash15.91
Book Value$1.63 per share
Price / Book2.98
Profitability
EPS (Most Recent Fiscal Year)$0.21
Net Income$-42,200,000.00
Net Margins-18.78%
Return on Equity-21.30%
Return on Assets-3.90%
Miscellaneous
Employees4,400
Outstanding Shares67,030,000
Market Cap$336.48 million
OptionableOptionable
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) posted its earnings results on Thursday, November, 8th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.08. The real estate investment trust had revenue of $87.42 million for the quarter, compared to analyst estimates of $88.23 million. Drive Shack had a negative return on equity of 21.30% and a negative net margin of 18.78%. View Drive Shack's Earnings History.
When is Drive Shack's next earnings date?
What price target have analysts set for DS?
1 brokers have issued 12 month price objectives for Drive Shack's shares. Their predictions range from $5.00 to $5.00. On average, they anticipate Drive Shack's share price to reach $5.00 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price. 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.
Has Drive Shack been receiving favorable news coverage?
News stories about DS stock have trended somewhat positive on Tuesday, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Drive Shack earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
Who are some of Drive Shack's key competitors?
Some companies that are related to Drive Shack include TPG RE Finance Trust (TRTX), Hannon Armstrong Sustnbl Infrstr Cap (HASI), PennyMac Mortgage Investment Trust (PMT), Monmouth R.E. Inv. (MNR), TIER REIT (TIER), Saul Centers (BFS), Summit Hotel Properties (INN), Washington Prime Group (WPG), KKR Real Estate Finance Trust (KREF), Easterly Government Properties (DEA), Ramco-Gershenson Properties Trust (RPT), Universal Health Realty Income Trust (UHT), Interrent Real Estate Investment Trust (IIPZF), ARMOUR Residential REIT (ARR) and InfraREIT (HIFR).
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 many different of retail and institutional investors. Top institutional shareholders include FMR LLC (11.58%), American Assets Capital Advisers LLC (6.44%), BlackRock Inc. (4.96%), Trafelet Brokaw Capital Management L.P. (2.56%), Connor Clark & Lunn Investment Management Ltd. (1.07%) and Wells Fargo & Company MN (0.64%). 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 JPMorgan Chase & Co., JPMorgan Chase & Co., AQR Capital Management LLC, EAM Investors LLC, American Assets Capital Advisers LLC, Bridgeway Capital Management Inc., Morgan Stanley and Connor Clark & Lunn Investment Management Ltd.. 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 Trafelet Brokaw Capital Management L.P., BlackRock Inc., FMR LLC, GSA Capital Partners LLP, Wells Fargo & Company MN, MetLife Investment Advisors LLC, Laurel Wealth Advisors Inc. and First Republic Investment Management Inc.. 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 $4.85.
How big of a company is Drive Shack?
Drive Shack has a market capitalization of $336.48 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.
