American Strategic Investment (NYSE:NYC) Posts Earnings Results

American Strategic Investment (NYSE:NYC) posted its 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 113.06% and a negative net margin of 53.18%.

American Strategic Investment Stock Up 0.8%

Shares of American Strategic Investment stock traded up $0.06 during midday trading on Wednesday, hitting $8.06. The company had a trading volume of 3,585 shares, compared to its average volume of 23,421. 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 company has a 50 day moving average of $8.54 and a 200 day moving average of $8.69. American Strategic Investment has a 52-week low of $7.00 and a 52-week high of $13.97. The stock has a market capitalization of $21.71 million, a P/E ratio of -0.95 and a beta of 0.18.

Insider Activity at American Strategic Investment

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch purchased 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $9.53 per share, for a total transaction of $76,240.00. Following the completion of the purchase, the insider directly owned 1,089,620 shares of the company’s stock, valued at $10,384,078.60. This trade represents a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 18,000 shares of company stock valued at $163,490. 3.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.