Nicholas Schorsch Acquires 5,000 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 5,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $6.81 per share, for a total transaction of $34,050.00. Following the completion of the transaction, the insider directly owned 794,620 shares of the company’s stock, valued at approximately $5,411,362.20. This represents a 0.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYSE:NYC opened at $6.26 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.87. American Strategic Investment Co. has a 12-month low of $5.97 and a 12-month high of $13.97. The stock has a 50-day moving average price of $8.23 and a 200 day moving average price of $8.41. The stock has a market capitalization of $19.78 million, a P/E ratio of 1.28 and a beta of 0.18.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Wednesday, August 12th. The company reported ($3.04) earnings per share (EPS) for the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%. The business had revenue of $7.32 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently 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.