American Strategic Investment (NYSE:NYC) Major Shareholder Acquires $12,533.76 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were bought at an average price of $10.24 per share, with a total value of $12,533.76. Following the completion of the purchase, the insider owned 1,061,832 shares in the company, valued at approximately $10,873,159.68. The trade was a 0.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

NYSE NYC opened at $10.32 on Monday. The company’s fifty day moving average is $8.11 and its two-hundred day moving average is $10.19. American Strategic Investment Co. has a 52-week low of $7.03 and a 52-week high of $16.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $27.56 million, a price-to-earnings ratio of -1.18 and a beta of 0.19.

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

Analyst Ratings Changes

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