GSA Capital Partners LLP increased its position in Drive Shack Inc (NYSE:DS) by 129.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,675 shares of the real estate investment trust’s stock after acquiring an additional 131,200 shares during the period. GSA Capital Partners LLP owned approximately 0.35% of Drive Shack worth $1,387,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in shares of Drive Shack by 3.0% in the 3rd quarter. Wells Fargo & Company MN now owns 430,215 shares of the real estate investment trust’s stock worth $2,565,000 after acquiring an additional 12,456 shares during the period. Dakota Wealth Management acquired a new stake in shares of Drive Shack in the 2nd quarter worth approximately $154,000. MetLife Investment Advisors LLC grew its holdings in shares of Drive Shack by 234.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 29,184 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 20,448 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Drive Shack in the 2nd quarter worth approximately $212,000. Finally, Northern Trust Corp lifted its stake in Drive Shack by 3.9% in the 2nd quarter. Northern Trust Corp now owns 754,275 shares of the real estate investment trust’s stock valued at $5,823,000 after buying an additional 28,650 shares in the last quarter. Institutional investors and hedge funds own 56.72% of the company’s stock.
DS stock opened at $4.49 on Friday. Drive Shack Inc has a 1 year low of $4.39 and a 1 year high of $8.06. The company has a debt-to-equity ratio of 2.19, a current ratio of 2.79 and a quick ratio of 2.79.
Drive Shack (NYSE:DS) last posted its earnings results on Thursday, November 8th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.08). Drive Shack had a negative net margin of 18.78% and a negative return on equity of 21.30%. The company had revenue of $87.42 million during the quarter, compared to analysts’ expectations of $88.23 million. On average, equities analysts predict that Drive Shack Inc will post -0.42 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on DS shares. ValuEngine lowered Drive Shack from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised Drive Shack from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 6th.
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Drive Shack 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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