American Strategic Investment (NYSE:NYC) Posts Earnings Results

American Strategic Investment (NYSE:NYC) issued its quarterly earnings results on Wednesday. The company reported ($3.04) EPS for the quarter, Zacks reports. American Strategic Investment had a negative return on equity of 48.58% and a net margin of 38.87%.The business had revenue of $7.32 million for the quarter.

American Strategic Investment Trading Down 0.3%

NYSE:NYC traded down $0.02 during trading hours on Friday, reaching $7.56. The company’s stock had a trading volume of 4,346 shares, compared to its average volume of 23,232. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $20.34 million, a price-to-earnings ratio of 1.54 and a beta of 0.18. The firm has a 50-day simple moving average of $8.50 and a 200-day simple moving average of $8.65. American Strategic Investment has a 1 year low of $7.00 and a 1 year high of $13.97.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In related news, major shareholder Nicholas S. Schorsch acquired 8,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $9.53 per share, with a total value of $76,240.00. Following the completion of the purchase, the insider owned 1,089,620 shares in the company, valued at $10,384,078.60. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 18,000 shares of company stock valued at $163,490 in the last ninety days. Insiders own 3.97% of the company’s stock.

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.