Boston Partners cut its position in shares of Drive Shack Inc (NYSE:DS) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 909,481 shares of the real estate investment trust’s stock after selling 281,453 shares during the period. Boston Partners’ holdings in Drive Shack were worth $5,029,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DS. Cubist Systematic Strategies LLC lifted its holdings in Drive Shack by 2.1% during the second quarter. Cubist Systematic Strategies LLC now owns 72,428 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 1,490 shares in the last quarter. Royal Bank of Canada lifted its holdings in Drive Shack by 5.2% during the second quarter. Royal Bank of Canada now owns 117,565 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 5,800 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Drive Shack by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 258,398 shares of the real estate investment trust’s stock valued at $933,000 after purchasing an additional 13,648 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Drive Shack by 68.6% during the third quarter. Mackenzie Financial Corp now owns 38,060 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 15,488 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in Drive Shack by 114.1% during the third quarter. Nationwide Fund Advisors now owns 43,582 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 23,224 shares in the last quarter. 44.62% of the stock is currently owned by hedge funds and other institutional investors.

Drive Shack Inc (NYSE:DS) opened at $5.03 on Monday. The company has a current ratio of 5.85, a quick ratio of 5.85 and a debt-to-equity ratio of 1.25. The stock has a market cap of $336.83, a price-to-earnings ratio of -7.74 and a beta of 1.37. Drive Shack Inc has a twelve month low of $2.41 and a twelve month high of $6.49.

Separately, Zacks Investment Research raised shares of Drive Shack from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Tuesday, October 17th.

In other Drive Shack news, Director Wesley R. Edens purchased 482,697 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average cost of $6.00 per share, with a total value of $2,896,182.00. Following the completion of the purchase, the director now owns 2,737,094 shares in the company, valued at approximately $16,422,564. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wesley R. Edens purchased 561,317 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $4.09 per share, for a total transaction of $2,295,786.53. Following the completion of the purchase, the director now owns 1,816,729 shares of the company’s stock, valued at approximately $7,430,421.61. The disclosure for this purchase can be found here. Company insiders own 7.20% of the company’s stock.

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About Drive Shack

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.

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

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