Drive Shack Inc (NYSE:DS) shares saw strong trading volume on Tuesday . 1,225,673 shares traded hands during trading, an increase of 463% from the previous session’s volume of 217,580 shares.The stock last traded at $5.36 and had previously closed at $4.91.

A number of analysts have recently commented on the company. Imperial Capital raised Drive Shack from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $5.00 to $7.00 in a research note on Monday, March 18th. Zacks Investment Research raised Drive Shack from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Wednesday, March 20th. Finally, ValuEngine lowered Drive Shack from a “buy” rating to a “hold” rating in a research note on Monday, April 1st.

The company has a market cap of $329.10 million, a P/E ratio of -12.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.66 and a quick ratio of 3.66.

Drive Shack (NYSE:DS) last announced its quarterly earnings results on Thursday, March 14th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.20). Drive Shack had a negative net margin of 12.31% and a negative return on equity of 27.87%. The firm had revenue of $69.29 million for the quarter. As a group, equities research analysts anticipate that Drive Shack Inc will post -0.28 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Drive Shack by 29.6% in the fourth quarter. FMR LLC now owns 10,054,065 shares of the real estate investment trust’s stock worth $39,412,000 after acquiring an additional 2,296,773 shares during the period. BlackRock Inc. lifted its stake in shares of Drive Shack by 2.6% in the fourth quarter. BlackRock Inc. now owns 3,409,679 shares of the real estate investment trust’s stock worth $13,365,000 after acquiring an additional 87,769 shares during the period. Vanguard Group Inc lifted its stake in shares of Drive Shack by 0.9% in the third quarter. Vanguard Group Inc now owns 2,701,315 shares of the real estate investment trust’s stock worth $16,100,000 after acquiring an additional 23,876 shares during the period. Vanguard Group Inc. lifted its stake in shares of Drive Shack by 0.9% in the third quarter. Vanguard Group Inc. now owns 2,701,315 shares of the real estate investment trust’s stock worth $16,100,000 after acquiring an additional 23,876 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Drive Shack by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,754 shares of the real estate investment trust’s stock worth $8,212,000 after acquiring an additional 22,896 shares during the period. 57.09% of the stock is currently owned by institutional investors.

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About Drive Shack (NYSE:DS)

Drive Shack Inc owns and operates golf-related leisure and entertainment businesses. Its Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida. This segment also focuses on opening a chain of dining and entertainment golf venues in the United States and internationally, which combine golf, competition, dining, and fun.

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