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NYSE:DSDrive Shack Stock Price, Forecast & News

$1.83
-0.02 (-1.08 %)
(As of 07/2/2020 04:00 PM ET)
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Compare
Today's Range
$1.82
Now: $1.83
$1.95
50-Day Range
$1.10
MA: $1.97
$3.03
52-Week Range
$0.86
Now: $1.83
$5.31
Volume1.12 million shs
Average Volume1.37 million shs
Market Capitalization$122.74 million
P/E RatioN/A
Dividend YieldN/A
Beta1.67
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 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$0.06 per share

Profitability

Net Income$-54,850,000.00

Miscellaneous

Employees1,200
Market Cap$122.74 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 stock has increased by 25.3% and is now trading at $1.83. View which stocks have been most impacted by Coronavirus.

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 Tuesday, August 4th 2020. View our earnings forecast for Drive Shack.

How were Drive Shack's earnings last quarter?

Drive Shack Inc (NYSE:DS) released its quarterly earnings data on Friday, May, 8th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the Zacks' 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.

What price target have analysts set for DS?

4 analysts have issued twelve-month price objectives for Drive Shack's stock. Their forecasts range from $3.00 to $8.00. On average, they expect Drive Shack's stock price to reach $5.00 in the next year. This suggests a possible upside of 173.2% from the stock's current price. View analysts' price targets for Drive Shack.

Has Drive Shack been receiving favorable news coverage?

Headlines about DS stock have trended very negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Drive Shack earned a news impact score of -3.3 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Drive Shack.

Are investors shorting Drive Shack?

Drive Shack saw a decrease in short interest in June. As of June 15th, there was short interest totaling 2,950,000 shares, a decrease of 12.5% from the May 31st total of 3,370,000 shares. Based on an average trading volume of 1,690,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 5.1% of the company's shares 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."

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 $1.83.

How big of a company is Drive Shack?

Drive Shack has a market capitalization of $122.74 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 7/2/2020 by MarketBeat.com Staff

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