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About Drive Shack (NYSE:DS)
Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities. It also invests in securities, including commercial mortgage backed securities, senior unsecured debt issued by property REITs, and real estate related asset backed securities, as well as in loans, such as real estate related and other loans, including corporate bank loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Newcastle Investment Corp. was founded in 1998 and is based in New York, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:DS
CUSIPN/A
Phone516-268-7460
Debt
Debt-to-Equity Ratio1.74
Current Ratio4.32
Quick Ratio4.32
Price-To-Earnings
Trailing P/E Ratio30.62
Forward P/E Ratio-45.93
P/E GrowthN/A
Sales & Book Value
Annual Sales$292.59 million
Price / Sales1.47
Cash Flow$0.3078 per share
Price / Cash20.89
Book Value$1.45 per share
Price / Book4.43
Profitability
EPS (Most Recent Fiscal Year)$0.21
Net Income$-42,200,000.00
Net Margins-15.18%
Return on Equity10.14%
Return on Assets1.99%
Miscellaneous
Employees4,400
Outstanding Shares66,960,000
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 (NYSE:DS) issued its quarterly earnings results on Thursday, May, 3rd. The real estate investment trust reported ($0.08) EPS for the quarter, beating the Zacks' consensus estimate of ($0.10) by $0.02. The real estate investment trust had revenue of $66.66 million for the quarter, compared to analysts' expectations of $58.55 million. Drive Shack had a negative net margin of 15.18% and a positive return on equity of 10.14%. 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 objectives for Drive Shack's stock. Their forecasts 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. View Analyst Ratings for Drive Shack.
Who are some of Drive Shack's key competitors?
Some companies that are related to Drive Shack include Ladder Capital (LADR), American Assets Trust (AAT), Mack-Cali Realty (CLI), LTC Properties (LTC), Summit Hotel Properties (INN), Alexander & Baldwin (ALEX), Safestore (SFSHF), Agree Realty (ADC), CYRELA BRAZIL R/S (CYRBY), Washington Prime Group (WPG), Four Corners Property (FCPT), Industrial Logistics Properties Trust (ILPT), National Storage (NSA), Global Net Lease (GNL) and Kite Realty Group Trust (KRG).
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)
- Ms. Bohee Yoon, Sec.
- Mr. Peter Lionel Briger Jr., Principal of Fortress Investment Group LLC (Age 54)
Has Drive Shack been receiving favorable news coverage?
News articles about DS stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Drive Shack earned a coverage optimism score of 0.08 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 44.94 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Drive Shack's major shareholders?
Drive Shack's stock is owned by many different of institutional and retail investors. Top institutional investors include American Assets Capital Advisers LLC (6.57%), Punch & Associates Investment Management Inc. (4.54%), BlackRock Inc. (4.43%), Dimensional Fund Advisors LP (2.98%), Boston Partners (1.16%) and Northern Trust Corp (1.08%). Company insiders that own Drive Shack stock include Alan L Tyson and Wesley R Edens. View Institutional Ownership Trends for Drive Shack.
Which institutional investors are selling Drive Shack stock?
DS stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Citadel Advisors LLC, Boston Partners, UBS Group AG, Schwab Charles Investment Management Inc. and GSA Capital Partners LLP. View Insider Buying and Selling for Drive Shack.
Which institutional investors are buying Drive Shack stock?
DS stock was bought by a variety of institutional investors in the last quarter, including American Assets Capital Advisers LLC, Punch & Associates Investment Management Inc., JPMorgan Chase & Co., Dimensional Fund Advisors LP, Prudential Financial Inc., Commonwealth Equity Services LLC, BlackRock Inc. and California Public Employees Retirement System. 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 $6.43.
How big of a company is Drive Shack?
Drive Shack has a market capitalization of $441.29 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.
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 (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.
Drive Shack (NYSE:DS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Drive Shack in the last 12 months. Their average twelve-month price target is $5.00, suggesting that the stock has a possible downside of 22.24%. The high price target for DS is $5.00 and the low price target for DS is $5.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | N/A | Hold | Hold |
| Consensus Rating Score: | 2.00 | N/A | 2.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $5.00 | N/A | $3.75 | $3.75 |
| Price Target Upside: | 22.24% downside | N/A | 9.86% downside | 9.86% downside |
Drive Shack (NYSE:DS) Consensus Price Target History
Drive Shack (NYSE:DS) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/26/2018 | Imperial Capital | Boost Price Target | In-Line ➝ In-Line | $3.00 ➝ $5.00 | Low |  |
(Data available from 5/24/2016 forward)
Drive Shack (NYSE:DS) Dividend Information
Drive Shack pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. DS's most recent quarterly dividend payment was Tuesday, January 31. Drive Shack pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 1/31/2017 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
0.00% (Based on Cash Flow)
|
Drive Shack (NYSE:DS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 12/7/2016 | quarterly | $0.12 | 11.09% | 12/16/2016 | 12/20/2016 | 1/31/2017 |
| 10/13/2016 | quarterly | $0.12 | 10.67% | 10/20/2016 | 10/24/2016 | 10/31/2016 |
| 7/12/2016 | quarterly | $0.12 | 10.19% | 7/20/2016 | 7/22/2016 | 7/29/2016 |
| 3/29/2016 | quarterly | $0.12 | 11.29% | 4/6/2016 | 4/8/2016 | 4/29/2016 |
| 12/14/2015 | quarterly | $0.12 | 11.65% | 12/22/2015 | 12/24/2015 | 1/29/2016 |
| 9/21/2015 | quarterly | $0.12 | 9.32% | 9/29/2015 | 10/1/2015 | 10/30/2015 |
| 6/22/2015 | quarterly | $0.12 | 9.96% | 6/30/2015 | 7/2/2015 | 7/31/2015 |
| 3/16/2015 | quarterly | $0.12 | 10.32% | 3/25/2015 | 3/27/2015 | 4/30/2015 |
| 12/22/2014 | quarterly | $0.12 | 10.21% | 12/30/2014 | 1/2/2015 | 1/30/2015 |
| 9/17/2014 | quarterly | $0.30 | | 9/25/2014 | 9/29/2014 | 10/31/2014 |
| 6/13/2014 | quarterly | $0.10 | 7.92% | 6/20/2014 | 6/24/2014 | 7/31/2014 |
| 3/14/2014 | quarterly | $0.10 | 8.42% | 3/21/2014 | 3/25/2014 | 4/30/2014 |
| 12/18/2013 | quarterly | $0.10 | 7.42% | 12/26/2013 | 12/30/2013 | 1/31/2014 |
| 9/20/2013 | quarterly | $0.10 | | | 9/30/2013 | 10/31/2013 |
| 6/3/2013 | quarterly | $0.17 | 12.9% | 6/11/2013 | 6/13/2013 | 7/31/2013 |
| 3/14/2013 | quarterly | $0.22 | 7.61% | 3/21/2013 | 3/25/2013 | 4/30/2013 |
| 12/18/2012 | quarterly | $0.22 | 10.1% | 12/26/2012 | 12/28/2012 | 1/31/2013 |
(Data available from 1/1/2013 forward)
Drive Shack (NYSE DS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.20%
Institutional Ownership Percentage: 49.85%
Drive Shack (NYSE DS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/15/2018 | Wesley R Edens | Director | Buy | 400,000 | $5.30 | $2,120,000.00 | 2,922,094 | |
| 11/21/2017 | Wesley R Edens | Director | Buy | 482,697 | $6.00 | $2,896,182.00 | 2,737,094 | |
| 11/14/2017 | Wesley R Edens | Director | Buy | 561,317 | $4.09 | $2,295,786.53 | 1,816,729 | |
| 11/9/2017 | Wesley R Edens | Director | Buy | 398,895 | $3.97 | $1,583,613.15 | 1,611,510 | |
| 11/6/2017 | Alan L Tyson | Director | Buy | 32,240 | $4.00 | $128,960.00 | 270,404 | |
| 11/3/2017 | Alan L Tyson | Director | Buy | 37,760 | $3.76 | $141,977.60 | 228,764 | |
| 5/10/2017 | Alan L Tyson | Director | Buy | 100,000 | $3.81 | $381,000.00 | 175,069 | |
| 3/6/2017 | Wesley R Edens | Director | Buy | 1,000,000 | $4.20 | $4,200,000.00 | 1,148,036 | |
| 12/15/2016 | Wesley R Edens | Director | Buy | 1,000,000 | $4.37 | $4,370,000.00 | 1,017,280 | |
| 12/14/2016 | Wesley R Edens | Director | Buy | 112,000 | $4.16 | $465,920.00 | 1,017,280 | |
| 12/13/2016 | Wesley R Edens | Director | Buy | 2,172,000 | $4.15 | $9,013,800.00 | 1,017,280 | |
| 12/12/2016 | Wesley R Edens | Director | Buy | 1,000,000 | $4.15 | $4,150,000.00 | 1,017,280 | |
| 11/11/2015 | Kenneth M Riis | CEO | Sell | 37,556 | $4.64 | $174,259.84 | 156,263 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Drive Shack (NYSE DS) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | New Research Coverage Highlights Apollo Commercial Real Estate Finance, Drive Shack, GlycoMimetics, Dycom Industries, Apple Hospitality REIT, and Howard Hughes — Consolidated Revenues, Company Growth, and Expectations for 2018
finance.yahoo.com - May 22 at 8:37 AM |
 | Drive Shack Inc
www.bloomberg.com - May 17 at 5:45 PM |
 | Drive Shack (DS) Director Wesley R. Edens Buys 400,000 Shares
www.americanbankingnews.com - May 16 at 10:16 PM |
| Drive Shack (DS) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 11 at 9:45 PM |
| Biz leaders: Here's what's ahead in Orlando's Lake Nona area
finance.yahoo.com - May 9 at 5:12 PM |
 | Drive Shack's (DS) CEO Sarah Watterson on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 6 at 7:11 PM |
| Drive Shack (DS) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - May 3 at 11:32 PM |
| Drive Shack Inc. Announces First Quarter 2018 Results and Declares Second Quarter 2018 Preferred Stock Dividends
finance.yahoo.com - May 3 at 8:36 AM |
| Drive Shack: 1Q Earnings Snapshot
finance.yahoo.com - May 3 at 8:36 AM |
| Drive Shack (DS) Lifted to "Strong-Buy" at ValuEngine
www.americanbankingnews.com - May 2 at 11:33 PM |
| Drive Shack (DS) Downgraded by Zacks Investment Research
www.americanbankingnews.com - April 30 at 10:16 PM |
| Q1 2018 EPS Estimates for Drive Shack Lowered by Analyst (DS)
www.americanbankingnews.com - April 30 at 1:04 AM |
| Q2 2018 Earnings Estimate for Drive Shack Issued By Imperial Capital (DS)
www.americanbankingnews.com - April 27 at 7:44 AM |
| Drive Shack (DS) PT Raised to $5.00 at Imperial Capital
www.americanbankingnews.com - April 26 at 3:16 PM |
| Drive Shack (DS) Set to Announce Earnings on Thursday
www.americanbankingnews.com - April 26 at 4:28 AM |
| Drive Shack Inc. Schedules First Quarter 2018 Earnings Release and Conference Call
finance.yahoo.com - April 25 at 5:13 PM |
 | Drive Shack Orlando Celebrates National Golf Day With Free BayPlay
www.prnewswire.com - April 23 at 9:28 PM |
| Drive Shack Makes Highly Anticipated Debut
www.prnewswire.com - April 5 at 6:22 PM |
| New Research Coverage Highlights Healthcare Trust of America, Drive Shack, Chemed, AMERISAFE, Medical Properties Trust, and GlycoMimetics — Consolidated Revenues, Company Growth, and Expectations for 2018
finance.yahoo.com - March 29 at 8:53 AM |
 | 7 things to know today and what Drive Shack's planning at its Lake Nona location
www.bizjournals.com - March 20 at 8:55 AM |
| Drive Shack CEO shares more on what to expect from new Lake Nona location - Orlando Business Journal
www.bizjournals.com - March 19 at 4:58 PM |
| Drive Shack (DS) Releases Quarterly Earnings Results
www.americanbankingnews.com - March 7 at 1:25 PM |
| Drive Shack (DS) to Release Quarterly Earnings on Wednesday
www.americanbankingnews.com - March 5 at 6:10 PM |
| Where Drive Shack Inc (NYSE:DS) Stands In Terms Of Earnings Growth Against Its Industry
finance.yahoo.com - March 5 at 5:34 PM |
| Drive Shack (DS) Lifted to "Buy" at ValuEngine
www.americanbankingnews.com - March 3 at 6:06 PM |
| Drive Shack Inc (DS) Holdings Reduced by Citadel Advisors LLC
www.americanbankingnews.com - March 3 at 5:21 AM |
| EAM Investors LLC Buys New Holdings in Drive Shack Inc (DS)
www.americanbankingnews.com - February 28 at 2:14 PM |
| Drive Shack Inc (DS) Stake Lessened by Fuller & Thaler Asset Management Inc.
www.americanbankingnews.com - February 28 at 12:56 PM |
| When Drive Shack will open in Lake Nona, who's breaking ground on new projects and more
www.bizjournals.com - January 31 at 3:59 PM |
| 7 things to know today and UCF to be honored at 2018 Pro Bowl - Orlando Business Journal
www.bizjournals.com - January 23 at 3:35 PM |
| Lake Nona tees up opening of Drive Shack golf complex
www.bizjournals.com - January 22 at 10:59 AM |
| Fort Lauderdale to consider development of golf/entertainment venue on city land
finance.yahoo.com - January 19 at 10:49 AM |
| Drive Shack: A Whiff For Investors? - Seeking Alpha
seekingalpha.com - January 4 at 9:38 AM |
| Zacks Investment Research Lowers Drive Shack (DS) to Hold
www.americanbankingnews.com - January 3 at 12:54 AM |
 | 5 Stocks To Watch For December 28, 2017 - Benzinga
www.benzinga.com - December 28 at 8:32 AM |
| Drive Shack Is The Poster Boy For Why I Believe REITs Are Cockroach Companies: An Update - Seeking Alpha
seekingalpha.com - December 25 at 6:57 PM |
 | Drive Shack Inc. Announces Agreement to Internalize Management - Business Wire (press release)
www.businesswire.com - December 23 at 2:04 AM |
| Drive Shack Inc. Announces Agreement to Internalize Management
finance.yahoo.com - December 21 at 5:11 PM |
| Is It Too Late To Buy Drive Shack Inc (NYSE:DS)?
finance.yahoo.com - December 15 at 10:03 AM |
| Sony PS4 Unit Sales Cross 70M Mark, VR Breaks 2M Milestone
finance.yahoo.com - December 8 at 9:40 AM |
| Drive Shack gets initial OK for its first South Florida venue - South Florida Business Journal
www.bizjournals.com - December 5 at 5:07 PM |
| Drive Shack gets initial OK for its first South Florida venue
finance.yahoo.com - December 5 at 5:07 PM |
| AMC Entertainment (AMC) in Focus: Stock Moves 8.4% Higher
finance.yahoo.com - November 29 at 9:46 AM |
| Sony vs Dolby Digital: Which A/V Stock is Worth a Buy Now?
finance.yahoo.com - November 27 at 6:01 PM |
| New $25M Lake Nona golf driving range tees up hiring plans
finance.yahoo.com - November 27 at 6:01 PM |
| Drive Shack: Golf For The 21st Century - Drive Shack Inc (NYSE:DS ... - Seeking Alpha
seekingalpha.com - November 24 at 10:50 AM |
| Wesley R. Edens Acquires 482,697 Shares of Drive Shack Inc. (DS) Stock
www.americanbankingnews.com - November 22 at 10:32 AM |
| Drive Shack Target of Unusually Large Options Trading (DS)
www.americanbankingnews.com - November 19 at 2:52 AM |
| 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 (NYSE:DS) SEC Filings
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Drive Shack (NYSE:DS) Income Statement, Balance Sheet and Cash Flow Statement
Drive Shack (NYSE DS) Stock Chart for Thursday, May, 24, 2018
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