Drive Shack Inc. (DS) Reaches $6.55 High on May, 17; Capital Research Global Investors Trimmed By $87.00 Million Its Toronto Dominion Bank (The) (TD) Holding

May 17, 2018 - By Darrin Black

The Toronto-Dominion Bank (NYSE:TD) Logo

The stock of Drive Shack Inc. (NYSE:DS) reached all time high today, May, 17 and still has $7.13 target or 9.00% above today’s $6.55 share price. This indicates more upside for the $438.37M company. This technical setup was reported by Barchart.com. If the $7.13 PT is reached, the company will be worth $39.45 million more. The stock increased 10.37% or $0.615 during the last trading session, reaching $6.545. About 432,868 shares traded or 19.63% up from the average. Drive Shack Inc. (NYSE:DS) has risen 20.05% since May 17, 2017 and is uptrending. It has outperformed by 8.50% the S&P500.

Capital Research Global Investors decreased Toronto Dominion Bank (The) (TD) stake by 15.43% reported in 2017Q4 SEC filing. Capital Research Global Investors sold 1.50 million shares as Toronto Dominion Bank (The) (TD)’s stock declined 1.92%. The Capital Research Global Investors holds 8.22 million shares with $481.73 million value, down from 9.72M last quarter. Toronto Dominion Bank (The) now has $108.34B valuation. The stock decreased 0.15% or $0.09 during the last trading session, reaching $58.99. About 170,221 shares traded. The Toronto-Dominion Bank (NYSE:TD) has risen 15.54% since May 17, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Another recent and important Drive Shack Inc. (NYSE:DS) news was published by Seekingalpha.com which published an article titled: “Drive Shack’s (DS) CEO Sarah Watterson on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018.

Newcastle Investment Corp. operates as a real estate investment trust in the United States. The company has market cap of $438.37 million. The firm 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. It currently has negative earnings. It also invests in securities, including commercial mortgage backed securities, senior unsecured debt issued by property REITs, and real estate related asset backed securities, as well as in loans, such as real estate related and other loans, including corporate bank loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans.

Analysts await Drive Shack Inc. (NYSE:DS) to report earnings on August, 1. They expect $0.04 EPS, down 63.64% or $0.07 from last year’s $0.11 per share. DS’s profit will be $2.68M for 40.91 P/E if the $0.04 EPS becomes a reality. After $-0.08 actual EPS reported by Drive Shack Inc. for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

More notable recent The Toronto-Dominion Bank (NYSE:TD) news were published by: Fool.ca which released: “This Surprising Bank Stock Has Outperformed Toronto-Dominion Bank in the Past 12 Months” on May 17, 2018, also Fool.com with their article: “2 Stocks to Add International Exposure to Your Portfolio” published on May 15, 2018, Fool.com published: “How to Get International Exposure Without Buying Foreign Stocks” on May 15, 2018. More interesting news about The Toronto-Dominion Bank (NYSE:TD) were released by: Fool.ca and their article: “2 Top Canadian Dividend Stocks to Start Your TFSA Retirement Plan” published on May 14, 2018 as well as Streetinsider.com‘s news article titled: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” with publication date: May 15, 2018.

Capital Research Global Investors increased Exxon Mobil Corp (NYSE:XOM) stake by 980,573 shares to 32.42 million valued at $2.71B in 2017Q4. It also upped American Campus Communities Inc (Reit) (NYSE:ACC) stake by 3.48M shares and now owns 9.57 million shares. Lumentum Holdings Inc was raised too.

Analysts await The Toronto-Dominion Bank (NYSE:TD) to report earnings on May, 24 before the open. They expect $1.16 earnings per share, up 16.00% or $0.16 from last year’s $1 per share. TD’s profit will be $2.13 billion for 12.71 P/E if the $1.16 EPS becomes a reality. After $1.23 actual earnings per share reported by The Toronto-Dominion Bank for the previous quarter, Wall Street now forecasts -5.69% negative EPS growth.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 23 analyst reports since August 12, 2015 according to SRatingsIntel. Scotia Capital maintained The Toronto-Dominion Bank (NYSE:TD) on Friday, August 28 with “Sector Perform” rating. RBC Capital Markets maintained The Toronto-Dominion Bank (NYSE:TD) on Friday, August 28 with “Outperform” rating. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, August 31 report. The rating was downgraded by Credit Suisse on Monday, September 21 to “Neutral”. Bank of America initiated the stock with “Buy” rating in Tuesday, November 1 report. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, May 3 report. The stock has “Sector Performer” rating by IBC on Friday, August 26. The stock has “Buy” rating by Citigroup on Wednesday, September 14. On Tuesday, January 30 the stock rating was maintained by Bank of America with “Buy”. RBC Capital Markets downgraded The Toronto-Dominion Bank (NYSE:TD) on Monday, March 13 to “Sector Perform” rating.

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