Drive Shack Inc. (NYSE:DS) Director Wesley R. Edens purchased 482,697 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $6.00 per share, with a total value of $2,896,182.00. Following the purchase, the director now owns 2,737,094 shares of the company’s stock, valued at $16,422,564. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Drive Shack Inc. (NYSE:DS) opened at $5.94 on Friday. The company has a market cap of $394.42, a PE ratio of 17.85 and a beta of 1.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 5.85 and a current ratio of 5.85. Drive Shack Inc. has a one year low of $2.41 and a one year high of $6.20.

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, beating analysts’ consensus estimates of ($0.06) by $0.19. Drive Shack had a negative net margin of 12.99% and a positive return on equity of 17.68%. The company had revenue of $81.70 million during the quarter, compared to analysts’ expectations of $81.50 million. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. equities analysts expect that Drive Shack Inc. will post -0.41 EPS for the current year.

Several large investors have recently bought and sold shares of the company. American Assets Capital Advisers raised its stake in shares of Drive Shack by 38.3% in the third quarter. American Assets Capital Advisers now owns 3,080,831 shares of the real estate investment trust’s stock valued at $11,122,000 after acquiring an additional 852,819 shares during the last quarter. Broad Run Investment Management LLC raised its stake in shares of Drive Shack by 42.1% in the second quarter. Broad Run Investment Management LLC now owns 2,900,050 shares of the real estate investment trust’s stock valued at $9,135,000 after acquiring an additional 858,570 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Drive Shack by 2.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 2,466,122 shares of the real estate investment trust’s stock valued at $7,768,000 after acquiring an additional 53,175 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Drive Shack by 54.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,322,922 shares of the real estate investment trust’s stock valued at $4,776,000 after acquiring an additional 465,043 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Drive Shack by 18.2% in the third quarter. Boston Partners now owns 1,190,934 shares of the real estate investment trust’s stock valued at $4,299,000 after acquiring an additional 183,141 shares during the last quarter. Institutional investors own 43.88% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Drive Shack from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Tuesday, October 17th.

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Drive Shack Company Profile

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.

Insider Buying and Selling by Quarter for Drive Shack (NYSE:DS)

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