(NYC) New York City REIT - Ratings and Ratios

American Strategic Investment Co., operating as New York City REIT Inc (NYSE:NYC), is an externally managed real estate investment trust focused on commercial properties within New York City, primarily in Manhattan. Its portfolio includes office buildings, retail spaces, and complementary amenities, totaling 1.2 million rentable square feet across seven properties as of March 31, 2024. The companys strategic focus is on acquiring and managing high-quality, income-generating assets in one of the worlds most dynamic urban markets.

Over the next three months, NYC shares are expected to experience sideways trading with potential downside risk. The stock is currently below its SMA 20 (10.77) and SMA 50 (9.85), indicating bearish momentum. Support may be found near the SMA 200 level of 9.17. The average true range (ATR) of 0.69 suggests moderate volatility. From a valuation perspective, the price-to-book (P/B) ratio of 0.30 and price-to-sales (P/S) ratio of 0.43 indicate the stock may be undervalued relative to its book value and revenue generation. However, the lack of positive P/E and forward P/E signals ongoing profitability challenges. Investors should monitor volume and price action relative to key moving averages for signals of a potential trend reversal.