Nicholas Schorsch Purchases 1,224 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of the company’s stock in a transaction on Monday, January 12th. The shares were acquired at an average price of $9.25 per share, for a total transaction of $11,322.00. Following the completion of the acquisition, the insider owned 1,056,936 shares in the company, valued at $9,776,658. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 2.6%

NYSE:NYC opened at $9.49 on Wednesday. The firm has a 50-day simple moving average of $8.03 and a 200-day simple moving average of $10.29. American Strategic Investment Co. has a one year low of $7.03 and a one year high of $16.30. The firm has a market cap of $25.33 million, a P/E ratio of -1.08 and a beta of 0.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data 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 business had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, American Strategic Investment presently has an average 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.