Somewhat Positive Media Coverage Somewhat Unlikely to Affect Drive Shack (DS) Stock Price

News headlines about Drive Shack (NYSE:DS) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Drive Shack earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.3574226915693 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Separately, Zacks Investment Research upgraded Drive Shack from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective on the stock in a report on Monday, November 6th.

Shares of Drive Shack (NYSE DS) opened at $6.20 on Monday. The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 1.25. Drive Shack has a twelve month low of $2.41 and a twelve month high of $6.49. The stock has a market capitalization of $415.17, a PE ratio of 18.79 and a beta of 1.62.

Drive Shack (NYSE:DS) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.19. Drive Shack had a positive return on equity of 17.68% and a negative net margin of 12.99%. The company had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $81.50 million. Drive Shack’s revenue was down 1.8% on a year-over-year basis. equities research analysts anticipate that Drive Shack will post -0.41 earnings per share for the current year.

In other news, Director Wesley R. Edens acquired 561,317 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $4.09 per share, for a total transaction of $2,295,786.53. Following the acquisition, the director now owns 1,816,729 shares in the company, valued at approximately $7,430,421.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan L. Tyson acquired 37,760 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $3.76 per share, for a total transaction of $141,977.60. Following the completion of the acquisition, the director now owns 228,764 shares in the company, valued at approximately $860,152.64. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,512,909 shares of company stock worth $7,046,519. 7.20% of the stock is currently owned by insiders.

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Drive Shack Company Profile

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.

Insider Buying and Selling by Quarter for Drive Shack (NYSE:DS)

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