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Drive Shack Stock Forecast, Price & News

-0.02 (-1.42 %)
(As of 09/18/2020 12:00 AM ET)
Today's Range
Now: $1.39
50-Day Range
MA: $1.52
52-Week Range
Now: $1.39
Volume868,359 shs
Average Volume930,101 shs
Market Capitalization$93.42 million
P/E RatioN/A
Dividend YieldN/A
Drive Shack Inc. owns and operates golf-related leisure and entertainment businesses. Its Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida. This segment also focuses on opening a chain of dining and entertainment golf venues in the United States and internationally, which combine golf, competition, dining, and fun. The company's Traditional Golf Properties segment owns and operates golf properties in the United States. As of December 31, 2018, it owned, leased, or managed 66 properties in 11 states. The company also invests in loans and securities. 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.
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Drive Shack logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars

Industry, Sector and Symbol

Industry Eating & drinking places



Sales & Book Value

Annual Sales$272.06 million
Book Value$0.06 per share


Net Income$-54,850,000.00


Market Cap$93.42 million
Next Earnings Date11/9/2020 (Estimated)
-0.02 (-1.42 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Drive Shack (NYSE:DS) Frequently Asked Questions

How has Drive Shack's stock been impacted by Coronavirus (COVID-19)?

Drive Shack's stock was trading at $1.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, DS stock has decreased by 4.8% and is now trading at $1.39.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Drive Shack?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drive Shack in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Drive Shack

When is Drive Shack's next earnings date?

Drive Shack is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for Drive Shack

How were Drive Shack's earnings last quarter?

Drive Shack Inc (NYSE:DS) released its earnings results on Tuesday, August, 4th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.23) by $0.38. The real estate investment trust earned $32.10 million during the quarter, compared to analyst estimates of $38.36 million. Drive Shack had a negative return on equity of 480.82% and a negative net margin of 35.12%.
View Drive Shack's earnings history

What price target have analysts set for DS?

4 equities research analysts have issued 12 month price targets for Drive Shack's shares. Their forecasts range from $3.00 to $5.00. On average, they anticipate Drive Shack's stock price to reach $4.00 in the next year. This suggests a possible upside of 187.8% from the stock's current price.
View analysts' price targets for Drive Shack

Are investors shorting Drive Shack?

Drive Shack saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,960,000 shares, a decline of 12.9% from the July 30th total of 2,250,000 shares. Based on an average daily trading volume, of 2,290,000 shares, the short-interest ratio is presently 0.9 days. Currently, 3.4% of the company's stock are sold short.
View Drive Shack's Short Interest

Who are some of Drive Shack's key competitors?

What other stocks do shareholders of Drive Shack own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Drive Shack investors own include Beazer Homes USA (BZH), Frontline (FRO), Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Lamb Weston (LW), RADCOM (RDCM), New Senior Investment Group (SNR), General Electric (GE), Hecla Mining (HL) and Intel (INTC).

Who are Drive Shack's key executives?

Drive Shack's management team includes the following people:
  • Mr. Lawrence A. Goodfield Jr., Chief Accounting Officer & Treasurer (Age 40)
  • Mr. Kenneth A. May, CEO, Pres & Director (Age 58)
  • Mr. David Hammarley, Chief Financial Officer (Age 48)
  • Mr. Nick Foley, Head of Investor Relations
  • Mr. Gregory F. Hughes, Exec. Officer (Age 55)

What is Drive Shack's stock symbol?

Drive Shack trades on the New York Stock Exchange (NYSE) under the ticker symbol "DS."

Who are Drive Shack's major shareholders?

Drive Shack's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (1.89%), FMR LLC (1.89%), Bridgeway Capital Management Inc. (0.56%), Jane Street Group LLC (0.44%), Charles Schwab Investment Management Inc. (0.41%) and Goldman Sachs Group Inc. (0.21%). Company insiders that own Drive Shack stock include Hana Khouri, Lawrence A Jr Goodfield, Research Corp Acacia, Virgis Colbert 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 FMR LLC, FMR LLC, Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., and UBS Group AG.
View insider buying and selling activity for Drive Shack

Which major investors are buying Drive Shack stock?

DS stock was acquired by a variety of institutional investors in the last quarter, including Bridgeway Capital Management Inc., Jane Street Group LLC, DAVENPORT & Co LLC, Goldman Sachs Group Inc., Capital Investment Advisors LLC, B. Riley Wealth Management Inc., Advisor Group Holdings Inc., and Virtu Financial LLC. Company insiders that have bought Drive Shack stock in the last two years include Hana Khouri, Lawrence A Jr Goodfield, Research Corp Acacia, Virgis Colbert, and Wesley R Edens.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Drive Shack's stock price today?

One share of DS stock can currently be purchased for approximately $1.39.

How big of a company is Drive Shack?

Drive Shack has a market capitalization of $93.42 million and generates $272.06 million in revenue each year. The real estate investment trust earns $-54,850,000.00 in net income (profit) each year or ($0.84) on an earnings per share basis. Drive Shack employs 1,200 workers across the globe.

What is Drive Shack's official website?

The official website for Drive Shack is www.driveshack.com.

How can I contact Drive Shack?

Drive Shack's mailing address is 218 W. 18th Street 3rd Floor, NEW YORK NY, 10011. The real estate investment trust can be reached via phone at 646-585-5591 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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