News stories about Drive Shack (NYSE:DS) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Drive Shack earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.7065971512365 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, Zacks Investment Research raised shares of Drive Shack from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th.
Drive Shack (NYSE DS) traded up $0.02 during mid-day trading on Monday, hitting $4.07. 772,500 shares of the company’s stock were exchanged, compared to its average volume of 545,356. Drive Shack has a 12-month low of $2.41 and a 12-month high of $4.55. The stock has a market capitalization of $272.54, a PE ratio of 12.33 and a beta of 1.35. 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 quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.19. Drive Shack had a negative net margin of 12.99% and a positive return on equity of 17.68%. The company had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $81.50 million. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. research analysts expect that Drive Shack will post -0.41 EPS for the current fiscal year.
In other Drive Shack news, Director Alan L. Tyson acquired 37,760 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $3.76 per share, with a total value of $141,977.60. Following the completion of the purchase, the director now directly owns 228,764 shares of the company’s stock, valued at approximately $860,152.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan L. Tyson acquired 32,240 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $128,960.00. Following the purchase, the director now directly owns 270,404 shares of the company’s stock, valued at $1,081,616. The disclosure for this purchase can be found here. Insiders have purchased 468,895 shares of company stock worth $1,854,551 in the last quarter. 7.20% of the stock is owned by corporate 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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