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

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

American Strategic Investment Stock Up 1.6%

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

Insider Transactions at American Strategic Investment

In related news, major shareholder Nicholas S. Schorsch purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was acquired at an average cost 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. This represents a 0.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut American Strategic Investment from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, American Strategic Investment currently has a consensus rating of “Sell”.

About American Strategic Investment

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.