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NYSE:DSDrive Shack Stock Price, Forecast & News

$1.78
-0.03 (-1.66 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$1.71
Now: $1.78
$1.88
50-Day Range
$1.07
MA: $1.35
$2.01
52-Week Range
$0.86
Now: $1.78
$5.31
Volume1.69 million shs
Average Volume2.34 million shs
Market Capitalization$119.38 million
P/E RatioN/A
Dividend YieldN/A
Beta1.58
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
CUSIPN/A
Phone646-585-5591

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$272.06 million
Book Value($0.20) per share

Profitability

Net Income$-54,850,000.00

Miscellaneous

Employees1,200
Market Cap$119.38 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Drive Shack (NYSE:DS) Frequently Asked Questions

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

Drive Shack's stock was trading at $1.46 on March 11th, 2020 when 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.

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

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.

When is Drive Shack's next earnings date?

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

How were Drive Shack's earnings last quarter?

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

What price target have analysts set for DS?

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

Has Drive Shack been receiving favorable news coverage?

Press coverage about DS stock has trended somewhat positive on Sunday, InfoTrie reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Drive Shack earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutDrive Shack.

Are investors shorting Drive Shack?

Drive Shack saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,550,000 shares, a drop 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 presently 4.4 days. Approximately 6.2% of the shares of the company are sold short. View Drive Shack's Current Options Chain.

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

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 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.

Which major investors are selling Drive Shack stock?

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.

Which major investors are buying Drive Shack stock?

DS stock was purchased 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.

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 $1.78.

How big of a company is Drive Shack?

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.

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 5/31/2020 by MarketBeat.com Staff

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