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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorConsumer Discretionary
SymbolNYSE:DS
CUSIPN/A
Phone516-268-7460
Debt
Debt-to-Equity Ratio1.74
Current Ratio4.32
Quick Ratio4.32
Price-To-Earnings
Trailing P/E Ratio34.71
Forward P/E Ratio-52.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$292.59 million
Price / Sales1.67
Cash Flow$0.3164 per share
Price / Cash23.07
Book Value$1.63 per share
Price / Book4.48
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
Market Cap$487.50
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) released its quarterly earnings results on Thursday, May, 3rd. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters' 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 equities research analysts have issued 12-month target prices for Drive Shack's shares. 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 31.5%. View Analyst Ratings 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."
Who are some of Drive Shack's key competitors?
Some companies that are related to Drive Shack include Quality Care Properties (QCP), Mack Cali Realty (CLI), American Assets Trust (AAT), Invesco Mortgage Capital (IVR), Alexander & Baldwin (ALEX), Ladder Capital (LADR), LTC Properties (LTC), Agree Realty (ADC), National Storage (NSA), Four Corners Property Trust (FCPT), Industrial Logistics Properties Trust (ILPT), Safestore (SFSHF), Summit Hotel Properties (INN), Washington Prime Group (WPG) 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)
- Mr. Gregory F. Hughes, Exec. Officer (Age 54)
- Ms. Bohee Yoon, Sec.
Has Drive Shack been receiving favorable news coverage?
Press coverage about DS stock has trended positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Drive Shack earned a news sentiment score of 0.32 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 46.79 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 Essex Investment Management Co. LLC (0.07%). 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 buying Drive Shack stock?
DS stock was bought by a variety of institutional investors in the last quarter, including Essex Investment Management Co. LLC. 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 $7.30.
How big of a company is Drive Shack?
Drive Shack has a market capitalization of $487.50 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 (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.
