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

American Strategic Investment (NYSE:NYC) issued its quarterly earnings results on Wednesday. The company reported ($3.04) earnings per share for the quarter, Zacks reports. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.

American Strategic Investment Stock Performance

NYC traded up $0.06 during trading on Wednesday, reaching $8.06. 3,575 shares of the company’s stock were exchanged, compared to its average volume of 23,421. The company has a market capitalization of $21.71 million, a P/E ratio of -0.95 and a beta of 0.18. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $8.54 and a 200 day moving average price of $8.69. American Strategic Investment has a fifty-two week low of $7.00 and a fifty-two week high of $13.97.

Insider Activity

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch acquired 8,000 shares of American Strategic Investment stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $9.53 per share, with a total value of $76,240.00. Following the acquisition, the insider owned 1,089,620 shares of the company’s stock, valued at approximately $10,384,078.60. The trade was a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have acquired 18,000 shares of company stock valued at $163,490. Corporate insiders own 3.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, American Strategic Investment currently has an average 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.