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

American Strategic Investment (NYSE:NYC) posted its quarterly earnings data on Wednesday. The company reported ($3.04) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $7.32 million for the quarter. American Strategic Investment had a negative return on equity of 113.06% and a negative net margin of 53.18%.

American Strategic Investment Stock Performance

Shares of NYSE:NYC traded down $0.04 during midday trading on Thursday, reaching $7.54. The company had a trading volume of 11,456 shares, compared to its average volume of 23,312. The stock has a market cap of $20.28 million, a P/E ratio of -0.89 and a beta of 0.18. The company’s 50 day moving average price is $8.52 and its 200 day moving average price is $8.67. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.73. American Strategic Investment has a 52-week low of $7.00 and a 52-week high of $13.97.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, major shareholder Nicholas S. Schorsch bought 8,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost 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 in the company, valued at $10,384,078.60. The trade was a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 18,000 shares of company stock valued at $163,490 over the last 90 days. Insiders own 3.97% of the company’s stock.

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.