News articles about Drive Shack (NYSE:DS) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Drive Shack earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.991184319596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Financial Contrast: CorEnergy Infrastructure Trust (CORR) versus Drive Shack (DS) (americanbankingnews.com)
- Drive Shack Inc. (DS) Saw a New 52-Week High – Modern Readers (modernreaders.com)
- Shares Seesawing on Volume: Drive Shack Inc (DS) – Sparta Review (spartareview.com)
- Drive Shack Inc. (DS) Reaches 52-Week High – First News 24 (firstnewspaper24.com)
- Share Activity Lifted for Drive Shack Inc (DS) in Session – Evergreen Caller (evergreencaller.com)
Shares of Drive Shack (DS) traded down 1.87% on Friday, reaching $2.63. The company’s stock had a trading volume of 519,408 shares. Drive Shack has a 12-month low of $2.60 and a 12-month high of $4.72. The stock’s market cap is $176.03 million. The firm has a 50 day moving average price of $3.02 and a 200-day moving average price of $3.68.
Drive Shack (NYSE:DS) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The company had revenue of $81.36 million for the quarter, compared to analysts’ expectations of $84.48 million. Drive Shack had a positive return on equity of 25.92% and a negative net margin of 7.05%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts expect that Drive Shack will post $0.32 EPS for the current year.
Separately, Zacks Investment Research downgraded Drive Shack from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th.
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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.
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