American Strategic Investment (NYSE:NYC) Issues Earnings Results

American Strategic Investment (NYSE:NYC) released its earnings results on Friday. The company reported ($2.14) earnings per share 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 firm had revenue of $7.12 million for the quarter.

American Strategic Investment Stock Performance

NYC traded up $0.09 during trading on Friday, reaching $5.80. 924 shares of the company’s stock were exchanged, 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 50 day moving average price of $6.03 and a 200 day moving average price of $7.83. The company has a market capitalization of $18.33 million, a P/E ratio of 1.18 and a beta of 0.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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, the company has an average rating of “Sell”.

Insider Transactions at American Strategic Investment

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was bought at an average price of $6.81 per share, for a total transaction of $34,050.00. Following the purchase, the insider owned 794,620 shares in the company, valued at $5,411,362.20. This represents a 0.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.97% of the stock is owned by company insiders.

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.