NYSE:DSDrive Shack Stock Price, Forecast & News

Drive Shack's stock was trading at $1.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DS shares have increased by 28.6% and is now trading at $1.8776. 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) issued its quarterly earnings data 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.

4 Wall Street analysts have issued twelve-month price objectives for Drive Shack's shares. Their forecasts range from $3.00 to $8.00. On average, they anticipate Drive Shack's stock price to reach $5.00 in the next twelve months. This suggests a possible upside of 166.3% from the stock's current price. View analysts' price targets for Drive Shack.

Headlines about DS stock have been trending extremely negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Drive Shack earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutDrive Shack.

Drive Shack saw a drop in short interest in 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 currently 4.4 days. Approximately 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 RPT Realty (RPT), Invesco Mortgage Capital (IVR), Urstadt Biddle Properties (UBP), City Office REIT (CIO), Catchmark Timber Trust (CTT), Preferred Apartment Communities (APTS), Ready Capital (RC), One Liberty Properties (OLP), Chatham Lodging Trust (CLDT), Gladstone Land (LAND), Dynex Capital (DX), Jernigan Capital (JCAP), Orchid Island Capital (ORC), Granite Point Mortgage Trust (GPMT) 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 a number 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.

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 $1.88.

Drive Shack has a market capitalization of $125.93 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]