American Strategic Investment (NYSE:NYC) Major Shareholder Buys $14,168.70 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,365 shares of American Strategic Investment stock in a transaction dated Friday, January 23rd. The shares were bought at an average cost of $10.38 per share, with a total value of $14,168.70. Following the completion of the acquisition, the insider owned 1,067,292 shares of the company’s stock, valued at $11,078,490.96. The trade was a 0.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 5.8%

Shares of NYC opened at $9.98 on Monday. The business’s 50-day moving average price is $8.36 and its 200 day moving average price is $10.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $26.63 million, a P/E ratio of -1.14 and a beta of 0.19. American Strategic Investment Co. has a 1-year low of $7.03 and a 1-year high of $16.30.

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

Analyst Ratings Changes

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

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.