Shares of Drive Shack Inc (NYSE:DS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Drive Shack’s rating score has improved by 66.7% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a twelve-month consensus price objective of $7.00 for the company and are expecting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Drive Shack an industry rank of 94 out of 255 based on the ratings given to its competitors.

Separately, Imperial Capital raised Drive Shack from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $5.00 to $7.00 in a report on Monday.

DS traded up $0.37 during trading hours on Tuesday, hitting $5.20. The stock had a trading volume of 575,137 shares, compared to its average volume of 195,343. Drive Shack has a 1 year low of $3.55 and a 1 year high of $8.06. The firm has a market cap of $323.76 million, a P/E ratio of -12.09 and a beta of 1.30. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.79 and a current ratio of 2.79.

Drive Shack (NYSE:DS) last announced its quarterly earnings data on Thursday, March 14th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.20). The firm had revenue of $69.29 million during the quarter. Drive Shack had a negative return on equity of 26.65% and a negative net margin of 12.31%. As a group, research analysts predict that Drive Shack will post -0.4 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of DS. Northern Trust Corp grew its stake in shares of Drive Shack by 3.9% in the second quarter. Northern Trust Corp now owns 754,275 shares of the real estate investment trust’s stock worth $5,823,000 after acquiring an additional 28,650 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Drive Shack by 3.0% during the third quarter. Wells Fargo & Company MN now owns 430,215 shares of the real estate investment trust’s stock worth $2,565,000 after purchasing an additional 12,456 shares in the last quarter. BlackRock Inc. grew its holdings in Drive Shack by 6.5% during the 3rd quarter. BlackRock Inc. now owns 3,321,910 shares of the real estate investment trust’s stock valued at $19,798,000 after buying an additional 204,055 shares in the last quarter. FMR LLC grew its holdings in Drive Shack by 2.6% during the 3rd quarter. FMR LLC now owns 7,757,292 shares of the real estate investment trust’s stock valued at $46,233,000 after buying an additional 199,634 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Drive Shack by 129.3% during the 3rd quarter. GSA Capital Partners LLP now owns 232,675 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 131,200 shares in the last quarter. Hedge funds and other institutional investors own 57.09% of the company’s stock.

Drive Shack Company Profile

Drive Shack Inc owns and operates golf-related leisure and entertainment businesses. Its Traditional Golf Properties segment owns and operates golf properties in the United States. As of March 31, 2018, it owned, leased, or managed 74 properties in 12 states. The company's Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida.

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