American Strategic Investment (NYSE:NYC) Announces Earnings Results, Misses Expectations By $0.90 EPS

American Strategic Investment (NYSE:NYC) posted its earnings results on Wednesday. The company reported ($2.62) EPS for the quarter, missing analysts’ consensus estimates of ($1.72) by ($0.90), FiscalAI reports. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%. The firm had revenue of $6.48 million for the quarter, compared to analysts’ expectations of $14.39 million.

American Strategic Investment Trading Down 3.2%

Shares of American Strategic Investment stock opened at $7.88 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. American Strategic Investment has a 12-month low of $7.03 and a 12-month high of $16.30. The firm has a market capitalization of $21.04 million, a price-to-earnings ratio of -0.90 and a beta of 0.26. The firm’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $8.77.

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, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, American Strategic Investment presently has a consensus 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.