Drive Shack (DS) Posts Earnings Results

Drive Shack (NYSE:DS) announced its earnings results on Thursday. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.20), MarketWatch Earnings reports. The business had revenue of $69.29 million for the quarter. Drive Shack had a negative return on equity of 21.30% and a negative net margin of 18.78%.

Shares of NYSE DS traded up $0.03 during trading hours on Friday, hitting $4.57. 165,602 shares of the stock were exchanged, compared to its average volume of 179,404. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $305.64 million, a price-to-earnings ratio of 21.77 and a beta of 1.30. Drive Shack has a 1-year low of $3.55 and a 1-year high of $8.06.

Several hedge funds and other institutional investors have recently bought and sold shares of DS. Levin Capital Strategies L.P. bought a new position in Drive Shack in the 4th quarter valued at approximately $59,000. Metropolitan Life Insurance Co. NY lifted its stake in 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. Laurel Wealth Advisors Inc. lifted its stake in 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. First Republic Investment Management Inc. lifted its stake in 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. Finally, MetLife Investment Advisors LLC lifted its stake in 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. Institutional investors and hedge funds own 57.09% of the company’s stock.

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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 for Drive Shack (NYSE:DS)

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