American Strategic Investment (NYSE:NYC) Trading Down 1.1% – Should You Sell?

American Strategic Investment Co. (NYSE:NYC)’s share price dropped 1.1% on Wednesday . The company traded as low as $7.91 and last traded at $8.19. Approximately 2,157 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 3,386 shares. The stock had previously closed at $8.28.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

American Strategic Investment Trading Down 1.1%

The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a fifty day moving average price of $8.37 and a 200 day moving average price of $10.48. The company has a market cap of $21.87 million, a price-to-earnings ratio of -0.93 and a beta of 0.15.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($1.47). The firm had revenue of $12.27 million for the quarter, compared to the consensus estimate of $14.26 million. American Strategic Investment had a negative return on equity of 97.07% and a negative net margin of 40.92%.

Hedge Funds Weigh In On American Strategic Investment

An institutional investor recently raised its position in American Strategic Investment stock. Coppell Advisory Solutions LLC boosted its holdings in shares of American Strategic Investment Co. (NYSE:NYC) by 3,757.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,436 shares of the company’s stock after buying an additional 16,984 shares during the quarter. Coppell Advisory Solutions LLC owned approximately 0.66% of American Strategic Investment worth $194,000 at the end of the most recent reporting period. 48.04% of the stock is owned by institutional investors and hedge funds.

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.