Drive Shack (DS) Receiving Somewhat Positive Press Coverage, Study Shows

Headlines about Drive Shack (NYSE:DS) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Drive Shack earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.1736938214283 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of DS stock opened at $4.91 on Friday. Drive Shack has a 52-week low of $2.41 and a 52-week high of $6.49. The company has a debt-to-equity ratio of 1.53, a current ratio of 4.94 and a quick ratio of 4.94. The company has a market cap of $328.79, a P/E ratio of 23.38 and a beta of 1.45.

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Drive Shack (NYSE:DS) last issued its quarterly earnings results on Wednesday, March 7th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.05. Drive Shack had a positive return on equity of 14.13% and a negative net margin of 14.42%. The firm had revenue of $70.40 million during the quarter, compared to analyst estimates of $67.69 million. During the same period last year, the company earned $0.10 EPS. Drive Shack’s quarterly revenue was up 1.9% compared to the same quarter last year. research analysts expect that Drive Shack will post -0.06 EPS for the current year.

A number of equities research analysts recently issued reports on DS shares. ValuEngine raised Drive Shack from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research lowered Drive Shack from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd.

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About Drive Shack

Newcastle Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities.

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