Shares of Drive Shack Inc (NYSE:DS) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $7.00 for the company and are anticipating 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 159 out of 256 based on the ratings given to related companies.
Several brokerages have recently weighed in on DS. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
Shares of NYSE:DS traded up $0.05 during trading on Friday, hitting $5.05. 230,743 shares of the stock were exchanged, compared to its average volume of 209,142. Drive Shack has a 1-year low of $3.55 and a 1-year high of $6.62. The stock has a market capitalization of $325.75 million, a P/E ratio of -11.74 and a beta of 1.31. The company has a fifty day moving average price of $4.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 5.39.
Drive Shack (NYSE:DS) last announced 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 firm had revenue of $53.95 million for the quarter, compared to analyst estimates of $55.13 million. As a group, analysts forecast that Drive Shack will post -0.28 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. American Assets Capital Advisers LLC increased its stake in Drive Shack by 4.7% in the second quarter. American Assets Capital Advisers LLC now owns 5,228,512 shares of the real estate investment trust’s stock valued at $23,853,000 after acquiring an additional 233,788 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Drive Shack by 9.8% during the second quarter. WINTON GROUP Ltd now owns 35,727 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 3,179 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of Drive Shack by 1.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,922,614 shares of the real estate investment trust’s stock worth $13,123,000 after purchasing an additional 32,071 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Drive Shack during the first quarter worth about $50,000. Finally, Deutsche Bank AG boosted its holdings in shares of Drive Shack by 40.1% during the fourth quarter. Deutsche Bank AG now owns 185,498 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 53,060 shares during the period. 57.43% of the stock is currently owned by institutional investors and hedge funds.
About Drive Shack
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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