Drive Shack Inc (NYSE:DS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Drive Shack’s rating score has improved by 66.7% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $7.00 for the company and are predicting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Drive Shack an industry rank of 160 out of 256 based on the ratings given to related companies.

Several research analysts have weighed in on DS shares. Imperial Capital raised Drive Shack from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $5.00 to $7.00 in a research report on Monday, March 18th. ValuEngine downgraded Drive Shack from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research raised Drive Shack from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Wednesday, March 20th.

Drive Shack stock traded down $0.06 during trading on Thursday, hitting $4.96. 135,246 shares of the company were exchanged, compared to its average volume of 228,914. The company has a current ratio of 2.94, a quick ratio of 3.66 and a debt-to-equity ratio of 5.39. Drive Shack has a 52 week low of $3.55 and a 52 week high of $8.06. The company has a market capitalization of $338.20 million, a P/E ratio of -11.53 and a beta of 1.35.

Drive Shack (NYSE:DS) last posted its quarterly earnings data on Friday, May 10th. The real estate investment trust reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.02). Drive Shack had a negative return on equity of 39.60% and a negative net margin of 12.26%. The business had revenue of $53.95 million during the quarter, compared to analysts’ expectations of $55.13 million. On average, analysts predict that Drive Shack will post -0.28 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Levin Capital Strategies L.P. purchased a new stake in shares of Drive Shack during the 4th quarter worth about $59,000. BlackRock Inc. increased its position in shares of Drive Shack by 6.5% in the third quarter. BlackRock Inc. now owns 3,321,910 shares of the real estate investment trust’s stock worth $19,798,000 after acquiring an additional 204,055 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Drive Shack by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,701,315 shares of the real estate investment trust’s stock worth $16,100,000 after acquiring an additional 23,876 shares in the last quarter. FMR LLC increased its position in shares of Drive Shack by 29.6% in the fourth quarter. FMR LLC now owns 10,054,065 shares of the real estate investment trust’s stock worth $39,412,000 after acquiring an additional 2,296,773 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Drive Shack by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 2,701,315 shares of the real estate investment trust’s stock valued at $16,100,000 after purchasing an additional 23,876 shares in the last quarter. 58.32% of the stock is currently owned by institutional investors.

Drive Shack Company Profile

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.

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