Drive Shack (NYSE:DS) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.20), MarketWatch Earnings reports. Drive Shack had a negative return on equity of 21.30% and a negative net margin of 18.78%. The company had revenue of $69.29 million during the quarter.
DS stock traded up $0.03 during trading on Friday, hitting $4.57. The company had a trading volume of 165,602 shares, compared to its average volume of 179,404. 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 has a 12 month low of $3.55 and a 12 month high of $8.06. The stock has a market capitalization of $305.64 million, a PE ratio of 21.77 and a beta of 1.30.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DS. FMR LLC grew its holdings in Drive Shack by 29.6% during the 4th 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. Trafelet Brokaw Capital Management L.P. boosted its stake in Drive Shack by 25.6% in the 3rd quarter. Trafelet Brokaw Capital Management L.P. now owns 1,715,090 shares of the real estate investment trust’s stock worth $10,222,000 after purchasing an additional 349,449 shares during the period. BlackRock Inc. boosted its stake 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 worth $19,798,000 after purchasing an additional 204,055 shares during the period. GSA Capital Partners LLP boosted its stake in Drive Shack by 129.3% in the 3rd quarter. GSA Capital Partners LLP now owns 232,675 shares of the real estate investment trust’s stock worth $1,387,000 after purchasing an additional 131,200 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Drive Shack by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 600,991 shares of the real estate investment trust’s stock worth $2,355,000 after purchasing an additional 36,136 shares during the period. 57.09% of the stock is owned by hedge funds and other institutional investors.
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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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