Budros Ruhlin & Roe Inc. boosted its holdings in Drive Shack Inc. (NYSE:DS) by 35.4% in the first quarter, HoldingsChannel reports. The firm owned 23,700 shares of the real estate investment trust’s stock after purchasing an additional 6,200 shares during the period. Budros Ruhlin & Roe Inc.’s holdings in Drive Shack were worth $76,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DS. GSA Capital Partners LLP bought a new stake in Drive Shack in the first quarter worth approximately $33,000. Captrust Financial Advisors increased its holdings in shares of Drive Shack by 42.2% during the fourth quarter. Captrust Financial Advisors now owns 15,000 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 4,450 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Drive Shack during the first quarter valued at approximately $37,000. Victory Capital Management Inc. bought a new stake in shares of Drive Shack during the first quarter valued at approximately $39,000. Finally, Credit Suisse AG bought a new stake in shares of Drive Shack during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 40.98% of the company’s stock.
Separately, Craig Hallum began coverage on Drive Shack in a report on Friday, March 26th. They set a “buy” rating and a $5.00 price objective for the company.
Drive Shack (NYSE:DS) last announced its earnings results on Friday, May 7th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The company had revenue of $61.09 million during the quarter.
Drive Shack Company Profile
Drive Shack Inc owns and operates golf-related leisure and entertainment venue business. It operates through Entertainment Golf Venues and Traditional Golf Properties segments. The Entertainment Golf Venues segment operates entertainment golf venues in Raleigh, North Carolina; Richmond, Virginia; and Orlando and West Palm Beach, Florida.
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