American Strategic Investment (NYSE:NYC) Releases Earnings Results

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

American Strategic Investment Stock Performance

NYSE NYC traded up $0.09 during trading hours on Friday, hitting $5.80. The company had a trading volume of 924 shares, compared to its average volume of 2,195. American Strategic Investment has a fifty-two week low of $5.50 and a fifty-two week high of $13.97. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.87. The business has a fifty day simple moving average of $6.03 and a 200-day simple moving average of $7.83. The firm has a market cap of $18.33 million, a P/E ratio of 1.18 and a beta of 0.14.

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 report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, American Strategic Investment has an average rating of “Sell”.

Insider Transactions at American Strategic Investment

In other news, major shareholder Nicholas S. Schorsch purchased 5,000 shares of American Strategic Investment stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $6.81 per share, with a total value of $34,050.00. Following the completion of the acquisition, the insider owned 794,620 shares in the company, valued at $5,411,362.20. The trade was a 0.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.97% of the company’s stock.

About American Strategic Investment

American Strategic Investment Co. is a real estate company focused on owning and operating commercial properties in New York City. Its portfolio has included office and retail properties, which it leases to businesses and other tenants. The company was formerly known as New York City REIT, Inc. and adopted its current name in 2022. Its real estate activities are concentrated in New York City.