Drive Shack (NYSE:DS) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Drive Shack (NYSE:DSGet Rating) in a report issued on Monday. The firm issued a sell rating on the real estate investment trust’s stock.

Separately, BTIG Research lowered Drive Shack from a buy rating to a neutral rating in a research report on Monday, November 14th.

Drive Shack Trading Up 23.2 %

DS opened at $0.44 on Monday. The firm has a market cap of $40.65 million, a P/E ratio of -0.79 and a beta of 1.48. Drive Shack has a 12 month low of $0.35 and a 12 month high of $2.26. The stock has a 50-day moving average of $0.62 and a 200 day moving average of $1.11.

Institutional Trading of Drive Shack

Several institutional investors have recently added to or reduced their stakes in DS. American Assets Capital Advisers LLC lifted its stake in Drive Shack by 87.9% in the first quarter. American Assets Capital Advisers LLC now owns 6,722,488 shares of the real estate investment trust’s stock worth $10,353,000 after purchasing an additional 3,144,487 shares during the last quarter. Millennium Management LLC lifted its stake in Drive Shack by 590.0% in the second quarter. Millennium Management LLC now owns 1,423,847 shares of the real estate investment trust’s stock worth $1,951,000 after purchasing an additional 1,217,487 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Drive Shack by 77.7% in the first quarter. First Eagle Investment Management LLC now owns 821,853 shares of the real estate investment trust’s stock worth $1,266,000 after purchasing an additional 359,463 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Drive Shack by 100.0% in the third quarter. King Luther Capital Management Corp now owns 612,970 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 306,485 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Drive Shack by 8.4% in the third quarter. Vanguard Group Inc. now owns 3,860,645 shares of the real estate investment trust’s stock worth $2,393,000 after purchasing an additional 298,876 shares during the last quarter. Institutional investors own 48.92% of the company’s stock.

About Drive Shack

(Get Rating)

Drive Shack Inc owns and operates golf-related leisure and entertainment venues. It operates through three segments: Entertainment Golf Venues, Traditional Golf Properties, and Corporate. The Entertainment Golf Venues segment operates golf-related leisure and entertainment venues with gaming and golf technology, a chef-inspired menu, craft cocktails, and social events, as well as operates Puttery, an indoor socializing and entertainment platform.

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