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Drive Shack (DS) has 1 split in our DS split history database. The split for DS took place on February 29, 2000. This was a 2 for 1 split, meaning for each share of DS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Drive Shack splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DS split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Drive Shack shares, starting with a $10,000 purchase of DS, presented on a split-history-adjusted basis factoring in the complete DS split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-3.62%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||3.18%|
|About Drive Shack|
|Drive Shack owns and operates golf-related leisure and entertainment businesses. Co. conducts its business through three segments: Entertainment Golf venues, Traditional Golf properties and corporate. Co.'s operations at its Traditional Golf properties segment are organized into three categories: Public Properties, which include golf cart rentals and food, beverage and merchandise sales; Private Properties, which are open to members only and include food, beverage and merchandise sales; and Managed Properties, which are properties that Co.'s NGP Realty Sub, L.P. and American Golf Corporation subsidiaries manage pursuant to a management agreement with the owner of each property. According to our DS split history records, Drive Shack has had 1 split.|
|DS Split History Table|
|02/29/2000||2 for 1|
|Services Stock Splits|
|DS is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: DS shares outstanding history