American Strategic Investment (NYSE:NYC) Major Shareholder Buys $14,701.05 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,365 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was bought at an average price of $10.77 per share, for a total transaction of $14,701.05. Following the purchase, the insider owned 1,064,562 shares in the company, valued at approximately $11,465,332.74. This represents a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Down 5.8%

NYSE:NYC opened at $9.98 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $26.63 million, a price-to-earnings ratio of -1.14 and a beta of 0.19. American Strategic Investment Co. has a one year low of $7.03 and a one year high of $16.30. The stock has a 50-day simple moving average of $8.36 and a 200 day simple moving average of $10.03.

American Strategic Investment (NYSE:NYC) last announced 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 firm had revenue of $12.27 million for the quarter, compared to analyst estimates of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Wall Street Analysts Forecast Growth

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