Drive Shack Inc (DS) Shares Bought by GSA Capital Partners LLP

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GSA Capital Partners LLP lifted its position in shares of Drive Shack Inc (NYSE:DS) by 129.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 232,675 shares of the real estate investment trust’s stock after buying an additional 131,200 shares during the period. GSA Capital Partners LLP’s holdings in Drive Shack were worth $1,387,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Drive Shack by 2.6% in the 3rd quarter. FMR LLC now owns 7,757,292 shares of the real estate investment trust’s stock valued at $46,233,000 after purchasing an additional 199,634 shares in the last quarter. BlackRock Inc. increased its holdings in Drive Shack by 6.5% in the 3rd quarter. BlackRock Inc. now owns 3,321,910 shares of the real estate investment trust’s stock valued at $19,798,000 after purchasing an additional 204,055 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Drive Shack by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,073,402 shares of the real estate investment trust’s stock valued at $16,007,000 after purchasing an additional 77,374 shares in the last quarter. Trafelet Brokaw Capital Management L.P. increased its holdings in Drive Shack by 34.9% in the 2nd quarter. Trafelet Brokaw Capital Management L.P. now owns 1,365,641 shares of the real estate investment trust’s stock valued at $10,543,000 after purchasing an additional 353,077 shares in the last quarter. Finally, Northern Trust Corp increased its holdings 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 purchasing an additional 28,650 shares in the last quarter. Institutional investors and hedge funds own 56.72% of the company’s stock.

Shares of NYSE DS opened at $4.49 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.79 and a current ratio of 2.79. Drive Shack Inc has a 12-month low of $4.39 and a 12-month high of $8.06.

Drive Shack (NYSE:DS) last announced its earnings results on Thursday, November 8th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.08). The business had revenue of $87.42 million for the quarter, compared to analyst estimates of $88.23 million. Drive Shack had a negative net margin of 18.78% and a negative return on equity of 21.30%. On average, equities research analysts anticipate that Drive Shack Inc will post -0.42 EPS for the current year.

Several brokerages recently issued reports on DS. Zacks Investment Research upgraded Drive Shack from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 6th. ValuEngine downgraded Drive Shack from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th.

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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.

Featured Story: Systematic Risk and Investors

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Institutional Ownership by Quarter for Drive Shack (NYSE:DS)

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