News stories about Drive Shack (NYSE:DS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Drive Shack earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 44.6253601772536 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Drive Shack from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Drive Shack from a “hold” rating to a “buy” rating in a report on Friday, March 2nd.
NYSE DS opened at $4.90 on Friday. Drive Shack has a 12 month low of $2.41 and a 12 month high of $6.49. The stock has a market capitalization of $334.15, a P/E ratio of 23.33 and a beta of 1.45. The company has a quick ratio of 4.94, a current ratio of 4.94 and a debt-to-equity ratio of 1.53.
Drive Shack (NYSE:DS) last announced its quarterly earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.05. Drive Shack had a positive return on equity of 14.13% and a negative net margin of 14.42%. The company had revenue of $70.40 million during the quarter, compared to the consensus estimate of $67.69 million. During the same period in the prior year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities research analysts predict that Drive Shack will post -0.06 EPS for the current year.
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About Drive Shack
Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities.
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