American Strategic Investment (NYSE:NYC) Posts Quarterly Earnings Results

American Strategic Investment (NYSE:NYC) announced its quarterly earnings results on Friday. The company reported ($2.14) EPS for the quarter, Zacks reports. The firm had revenue of $7.12 million for the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%.

American Strategic Investment Stock Up 1.6%

NYSE:NYC traded up $0.09 during trading hours on Friday, reaching $5.80. The company’s stock had a trading volume of 924 shares, compared to its average volume of 21,050. The company has a market capitalization of $18.33 million, a P/E ratio of 1.18 and a beta of 0.14. American Strategic Investment has a 12 month low of $5.50 and a 12 month high of $13.97. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a 50 day moving average price of $6.03 and a two-hundred day moving average price of $7.86.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $6.81 per share, with a total value of $34,050.00. Following the transaction, the insider owned 794,620 shares of the company’s stock, valued at $5,411,362.20. The trade was a 0.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.97% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of American Strategic Investment from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, American Strategic Investment has an average rating of “Sell”.

American Strategic Investment Company Profile

American Strategic Investment Co. (NYSE: NYC) is a real estate company focused on owning, operating and managing office and mixed-use properties in New York City. Its portfolio is concentrated in the city’s commercial real estate market and is designed to generate rental income through leasing space to businesses and other tenants. The company’s activities include property management, leasing, asset management and the operation of real estate investments. Its properties may include office space, retail components and other commercial facilities, with services intended to support tenants and maintain the value and functionality of its buildings.