Imperial Capital Equities Analysts Raise Earnings Estimates for Drive Shack Inc (DS)

Drive Shack Inc (NYSE:DS) – Research analysts at Imperial Capital boosted their FY2019 earnings per share estimates for shares of Drive Shack in a report released on Monday, March 18th. Imperial Capital analyst G. Kelly now anticipates that the real estate investment trust will post earnings of ($0.28) per share for the year, up from their previous forecast of ($0.40). Imperial Capital currently has a “Outperform” rating and a $7.00 target price on the stock. Imperial Capital also issued estimates for Drive Shack’s FY2020 earnings at ($0.23) EPS.

Drive Shack (NYSE:DS) last released its earnings results on Thursday, March 14th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ 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 27.87% and a negative net margin of 12.31%.



Shares of DS opened at $5.20 on Wednesday. The firm has a market capitalization of $323.74 million, a price-to-earnings ratio of -12.09 and a beta of 1.30. Drive Shack has a fifty-two week low of $3.55 and a fifty-two week high of $8.06. The company has a current ratio of 3.66, a quick ratio of 2.79 and a debt-to-equity ratio of 0.92.

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Republic Investment Management Inc. boosted its holdings in shares of Drive Shack by 40.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 35,006 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 10,000 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its holdings in shares of Drive Shack by 98.0% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 20,200 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 10,000 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Drive Shack by 42.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 41,438 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 12,254 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Drive Shack by 261.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,939 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 12,254 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Drive Shack by 3.0% in the 3rd quarter. Wells Fargo & Company MN now owns 430,215 shares of the real estate investment trust’s stock valued at $2,565,000 after purchasing an additional 12,456 shares during the last quarter. 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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Earnings History and Estimates for Drive Shack (NYSE:DS)

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