NYSE:DSDrive Shack Stock Price, Forecast & News

Drive Shack's stock was trading at $1.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DS shares have increased by 44.5% and is now trading at $2.11. View which stocks have been most impacted by Coronavirus.

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.

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) posted its earnings results on Friday, May, 8th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates 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.

4 analysts have issued 1-year target prices for Drive Shack's shares. Their forecasts range from $3.00 to $8.00. On average, they expect Drive Shack's share price to reach $5.00 in the next year. This suggests a possible upside of 137.0% from the stock's current price. View analysts' price targets for Drive Shack.

Headlines about DS stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Drive Shack earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutDrive Shack.

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

Some companies that are related to Drive Shack include TPG RE Finance Trust (TRTX), Easterly Government Properties (BPYU), Brookfield Property Reit (BPR), ARMOUR Residential REIT (ARR), RPT Realty (RPT), UMH PROPERTIES/SH SH (UMH), CAPSTEAD MTG CO/SH (CMO), Global Medical REIT (GMRE), Urstadt Biddle Properties (UBP), City Office REIT (CIO), Invesco Mortgage Capital (IVR), Ready Capital (RC), Catchmark Timber Trust (CTT), Preferred Apartment Communities (APTS) and Chatham Lodging Trust (CLDT). 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 a number of retail and institutional 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 bought 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 $2.11.

Drive Shack has a market capitalization of $141.52 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]