Media coverage about Drive Shack (NYSE:DS) has trended somewhat positive on Friday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Drive Shack earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.0780574252384 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Drive Shack (NYSE:DS) opened at 3.66 on Friday. The stock’s 50 day moving average is $3.12 and its 200 day moving average is $3.31. The stock’s market capitalization is $244.97 million. Drive Shack has a 12 month low of $2.41 and a 12 month high of $4.69.
Drive Shack (NYSE:DS) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. The firm had revenue of $81.36 million for the quarter, compared to analyst estimates of $84.48 million. Drive Shack had a negative net margin of 7.05% and a positive return on equity of 25.92%. Drive Shack’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. Analysts anticipate that Drive Shack will post $0.32 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Drive Shack from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.
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.
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