American Strategic Investment (NYSE:NYC) Releases Quarterly Earnings Results, Misses Estimates By $1.47 EPS

American Strategic Investment (NYSE:NYC) issued its quarterly earnings data on Wednesday. The company reported ($3.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($1.47), Zacks reports. The business had revenue of $12.27 million during the quarter, compared to the consensus estimate of $14.26 million. American Strategic Investment had a negative net margin of 166.56% and a negative return on equity of 87.51%.

American Strategic Investment Price Performance

NYC traded down $0.22 during trading on Thursday, reaching $8.03. The company had a trading volume of 288 shares, compared to its average volume of 5,026. American Strategic Investment has a 12 month low of $7.20 and a 12 month high of $16.30. The business’s fifty day moving average price is $9.35 and its 200 day moving average price is $10.95. The company has a market cap of $21.11 million, a P/E ratio of -0.22 and a beta of 0.07.

Hedge Funds Weigh In On American Strategic Investment

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC increased its holdings in shares of American Strategic Investment Co. (NYSE:NYC) by 3,757.5% in the first quarter, according to its most recent disclosure with the 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 0.66% of American Strategic Investment worth $194,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 48.04% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

American Strategic Investment Company Profile

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