Media coverage about Drive Shack (NYSE:DS) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. 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 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.2104997231023 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Sony PS4 Unit Sales Cross 70M Mark, VR Breaks 2M Milestone (finance.yahoo.com)
- Drive Shack Inc (DS) How Do the Technical Vary?Expert Gazette … – ExpertGazette (expertgazette.com)
- Drive Shack gets initial OK for its first South Florida venue – South Florida Business Journal (bizjournals.com)
Separately, Zacks Investment Research downgraded shares of Drive Shack from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th.
Drive Shack (NYSE:DS) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $81.70 million for the quarter, compared to the consensus estimate of $81.50 million. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. research analysts predict that Drive Shack will post -0.41 EPS for the current fiscal year.
In other Drive Shack news, Director Wesley R. Edens acquired 561,317 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $4.09 per share, for a total transaction of $2,295,786.53. Following the completion of the acquisition, the director now owns 1,816,729 shares of the company’s stock, valued at approximately $7,430,421.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wesley R. Edens acquired 482,697 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was acquired at an average price of $6.00 per share, with a total value of $2,896,182.00. Following the completion of the acquisition, the director now directly owns 2,737,094 shares of the company’s stock, valued at approximately $16,422,564. The disclosure for this purchase can be found here. Insiders bought 1,512,909 shares of company stock worth $7,046,519 over the last ninety days. 7.20% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Drive Shack (DS) Getting Somewhat Favorable News Coverage, Accern Reports” was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://sportsperspectives.com/2017/12/09/drive-shack-ds-getting-somewhat-favorable-news-coverage-accern-reports.html.
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.
Receive News & Ratings for Drive Shack Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drive Shack Inc and related companies with MarketBeat.com's FREE daily email newsletter.