Dakota Wealth Management acquired a new position in Drive Shack Inc (NYSE:DS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the real estate investment trust’s stock, valued at approximately $154,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. raised its stake in shares of Drive Shack by 1.7% in the first quarter. BlackRock Inc. now owns 2,966,872 shares of the real estate investment trust’s stock valued at $14,181,000 after buying an additional 49,352 shares during the period. California Public Employees Retirement System raised its stake in shares of Drive Shack by 14.0% in the first quarter. California Public Employees Retirement System now owns 117,112 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 14,413 shares during the period. Deutsche Bank AG raised its stake in shares of Drive Shack by 50.1% in the fourth quarter. Deutsche Bank AG now owns 156,584 shares of the real estate investment trust’s stock valued at $865,000 after buying an additional 52,271 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Drive Shack by 189.0% in the first quarter. JPMorgan Chase & Co. now owns 323,680 shares of the real estate investment trust’s stock valued at $1,547,000 after buying an additional 211,690 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Drive Shack in the second quarter valued at $193,000. 56.36% of the stock is currently owned by institutional investors and hedge funds.

Shares of DS opened at $5.85 on Friday. The firm has a market capitalization of $383.70 million, a price-to-earnings ratio of 40.93 and a beta of 1.33. The company has a debt-to-equity ratio of 1.85, a quick ratio of 3.13 and a current ratio of 3.13. Drive Shack Inc has a 1 year low of $2.54 and a 1 year high of $8.06.

Drive Shack (NYSE:DS) last issued its earnings results on Friday, August 3rd. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.13). Drive Shack had a negative net margin of 14.73% and a negative return on equity of 1.16%. The firm had revenue of $91.00 million during the quarter, compared to the consensus estimate of $80.55 million. research analysts anticipate that Drive Shack Inc will post -0.14 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Drive Shack from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. ValuEngine upgraded Drive Shack from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd.

About Drive Shack

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

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