Nicholas Schorsch Buys 1,664 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,664 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were purchased at an average cost of $10.53 per share, with a total value of $17,521.92. Following the completion of the transaction, the insider owned 1,068,956 shares in the company, valued at approximately $11,256,106.68. The trade was a 0.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYSE:NYC opened at $11.26 on Friday. American Strategic Investment Co. has a 12 month low of $7.03 and a 12 month high of $16.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $30.08 million, a PE ratio of -1.28 and a beta of 0.19. The business’s fifty day moving average price is $8.66 and its 200 day moving average price is $9.94.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.