NYSE:DSDrive Shack Stock Price, Forecast & News

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 (WHO). Since then, DS shares have increased by 21.9% and is now trading at $1.78. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Drive Shack in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Drive Shack.

Drive Shack is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Drive Shack.

Drive Shack Inc (NYSE:DS) issued its quarterly earnings results on Friday, May, 8th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.06) by $0.22. The real estate investment trust earned $61.14 million during the quarter. Drive Shack had a negative return on equity of 480.82% and a negative net margin of 20.63%. View Drive Shack's earnings history.

3 Wall Street analysts have issued 12-month target prices for Drive Shack's shares. Their forecasts range from $3.00 to $8.00. On average, they anticipate Drive Shack's share price to reach $5.50 in the next year. This suggests a possible upside of 209.0% from the stock's current price. View analysts' price targets for Drive Shack.

Press coverage about DS stock has trended negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Drive Shack earned a media sentiment score of -2.8 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutDrive Shack.

Drive Shack saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,550,000 shares, a decline of 5.3% from the April 30th total of 3,750,000 shares. Based on an average daily trading volume, of 803,100 shares, the days-to-cover ratio is currently 4.4 days. Currently, 6.2% of the shares of the company are sold short. View Drive Shack's Current Options Chain.

Some companies that are related to Drive Shack include Invesco Mortgage Capital (IVR), Urstadt Biddle Properties (UBP), City Office REIT (CIO), Catchmark Timber Trust (CTT), Preferred Apartment Communities (APTS), Chatham Lodging Trust (CLDT), Ready Capital (RC), One Liberty Properties (OLP), Gladstone Land (LAND), Dynex Capital (DX), Jernigan Capital (JCAP), Granite Point Mortgage Trust (GPMT), Orchid Island Capital (ORC), Ares Commercial Real Estate (ACRE) and Whitestone REIT (WSR). View all competitors.

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), Lamb Weston (LW), New Senior Investment Group (SNR), Advanced Micro Devices (AMD), RADCOM (RDCM), Hecla Mining (HL), Main Street Capital (MAIN) and MaxLinear (MXL).

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

Drive Shack's stock is owned by many different institutional and retail investors. Top institutional investors include American Assets Capital Advisers LLC (7.15%), BlackRock Inc. (5.99%), State Street Corp (1.55%), Geode Capital Management LLC (1.22%), Fuller & Thaler Asset Management Inc. (0.80%) and Wells Fargo & Company MN (0.75%). 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.

DS stock was sold by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Janney Montgomery Scott LLC, BlackRock Inc., Parametric Portfolio Associates LLC, Morgan Stanley, State Street Corp, and UBS Group AG. View insider buying and selling activity for Drive Shack.

DS stock was acquired by a variety of institutional investors in the last quarter, including American Assets Capital Advisers LLC, GSA Capital Partners LLP, JPMorgan Chase & Co., Geode Capital Management LLC, Invesco Ltd., RMB Capital Management LLC, Wells Fargo & Company MN, and Fuller & Thaler Asset Management Inc.. 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.

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.

One share of DS stock can currently be purchased for approximately $1.78.

Drive Shack has a market capitalization of $119.38 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.

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

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]