American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Purchases 5,000 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 5,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were bought at an average price of $9.27 per share, for a total transaction of $46,350.00. Following the acquisition, the insider owned 1,081,620 shares of the company’s stock, valued at approximately $10,026,617.40. This represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Performance

Shares of American Strategic Investment stock opened at $9.80 on Wednesday. The firm has a market capitalization of $26.36 million, a P/E ratio of -1.16 and a beta of 0.23. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average price of $8.60 and a 200 day moving average price of $8.68. American Strategic Investment Co. has a 52 week low of $7.00 and a 52 week high of $16.30.

American Strategic Investment (NYSE:NYC) last released its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share for the quarter. The company had revenue of $7.35 million for the quarter. American Strategic Investment had a negative return on equity of 113.06% and a negative net margin of 53.18%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.