Drive Shack Inc. (NYSE:DS) Director Alan L. Tyson acquired 37,760 shares of Drive Shack stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of $3.76 per share, for a total transaction of $141,977.60. Following the completion of the purchase, the director now directly owns 228,764 shares of the company’s stock, valued at approximately $860,152.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Drive Shack Inc. (NYSE:DS) traded up $0.20 during trading hours on Friday, hitting $3.81. The stock had a trading volume of 269,890 shares, compared to its average volume of 312,975. The company has a debt-to-equity ratio of 1.25, a current ratio of 5.85 and a quick ratio of 2.77. The stock has a market capitalization of $254.46 million, a P/E ratio of 11.52 and a beta of 1.35.

Drive Shack (NYSE:DS) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.19. The company had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $81.50 million. Drive Shack had a positive return on equity of 17.68% and a negative net margin of 12.99%. The firm’s revenue was down 1.8% compared to the same quarter last year. research analysts predict that Drive Shack Inc. will post -0.43 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised Drive Shack from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new stake in shares of Drive Shack in the second quarter worth about $132,000. Northeast Investment Management grew its stake in shares of Drive Shack by 155.0% in the second quarter. Northeast Investment Management now owns 46,345 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 28,170 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Drive Shack by 114.1% in the third quarter. Nationwide Fund Advisors now owns 43,582 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 23,224 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Drive Shack by 2,622.7% in the second quarter. The Manufacturers Life Insurance Company now owns 59,219 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 57,044 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Drive Shack in the second quarter worth about $207,000. 41.64% of the stock is currently owned by institutional investors.

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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