American Strategic Investment (NYSE:NYC) Major Shareholder Acquires $11,322.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,224 shares of American Strategic Investment stock in a transaction that occurred on Monday, January 12th. The stock was bought at an average cost of $9.25 per share, with a total value of $11,322.00. Following the acquisition, the insider directly owned 1,056,936 shares of the company’s stock, valued at approximately $9,776,658. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 3.4%

American Strategic Investment stock opened at $9.80 on Thursday. The stock has a market capitalization of $26.17 million, a PE ratio of -1.12 and a beta of 0.19. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. American Strategic Investment Co. has a 12-month low of $7.03 and a 12-month high of $16.30. The firm has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $10.28.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($3.23) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $12.27 million during the quarter, compared to analyst estimates of $14.26 million.

Wall Street Analysts Forecast Growth

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