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

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

American Strategic Investment Stock Up 1.6%

Shares of NYSE NYC traded up $0.09 during trading on Friday, hitting $5.80. 924 shares of the company traded hands, compared to its average volume of 21,050. The business’s fifty day moving average is $6.03 and its 200 day moving average is $7.86. American Strategic Investment has a fifty-two week low of $5.50 and a fifty-two week high of $13.97. The firm has a market capitalization of $18.33 million, a price-to-earnings ratio of 1.18 and a beta of 0.14. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.03 and a current ratio of 0.03.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered American Strategic Investment from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, American Strategic Investment presently has an average rating of “Sell”.

Insider Activity

In other news, major shareholder Nicholas S. Schorsch bought 5,000 shares of American Strategic Investment stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $6.81 per share, for a total transaction of $34,050.00. Following the purchase, the insider directly owned 794,620 shares in the company, valued at approximately $5,411,362.20. This represents a 0.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.97% of the stock is owned by company insiders.

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.