Drive Shack (DS) Given Daily Media Impact Rating of 0.12
Press coverage about Drive Shack (NYSE:DS) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Drive Shack earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 44.9793417248715 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Drive Shack (NYSE:DS) opened at $5.79 on Friday. The stock has a market cap of $400.16, a PE ratio of -8.91 and a beta of 1.48. Drive Shack has a 52-week low of $2.41 and a 52-week high of $6.49. The company has a debt-to-equity ratio of 1.25, a current ratio of 5.85 and a quick ratio of 5.85.
Drive Shack (NYSE:DS) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.19. The company had revenue of $81.70 million during the quarter, compared to analysts’ expectations of $81.50 million. Drive Shack had a negative net margin of 12.99% and a positive return on equity of 17.68%. The business’s revenue was down 1.8% on a year-over-year basis. sell-side analysts forecast that Drive Shack will post -0.41 EPS for the current year.
Separately, Zacks Investment Research cut shares of Drive Shack from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th.
In other Drive Shack news, Director Alan L. Tyson bought 37,760 shares of Drive Shack stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $3.76 per share, with a total value of $141,977.60. Following the completion of the transaction, the director now owns 228,764 shares in the company, valued at approximately $860,152.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley R. Edens bought 398,895 shares of Drive Shack stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $3.97 per share, with a total value of $1,583,613.15. Following the transaction, the director now owns 1,611,510 shares of the company’s stock, valued at approximately $6,397,694.70. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,512,909 shares of company stock valued at $7,046,519. 7.20% of the stock is currently owned by company insiders.
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About Drive Shack
Drive Shack Inc, formerly Newcastle Investment Corp., is a leisure company. The Company is an owner and operator of golf-related leisure and entertainment businesses. The Company’s portfolio consists of Drive Shack, which is engaged in developing nationwide network of golf entertainment venues; American Golf Corporation, which is a golf course company, and real estate-related assets.
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