American Strategic Investment (NYSE:NYC) Shares Down 1.1% – Here’s What Happened

American Strategic Investment Co. (NYSE:NYC) was down 1.1% on Friday . The company traded as low as $7.68 and last traded at $7.7620. Approximately 12,179 shares changed hands during trading, an increase of 266% from the average daily volume of 3,330 shares. The stock had previously closed at $7.85.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

American Strategic Investment Stock Down 1.1%

The firm’s fifty day moving average is $9.47 and its two-hundred day moving average is $11.02. The firm has a market cap of $20.41 million, a P/E ratio of -0.22 and a beta of 0.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC lifted its position in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,436 shares of the company’s stock after purchasing an additional 16,984 shares during the period. Coppell Advisory Solutions LLC owned about 0.66% of American Strategic Investment worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 48.04% of the stock is currently owned by institutional investors.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.