American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Purchases 1,224 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,224 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was purchased at an average cost of $9.25 per share, with a total value of $11,322.00. Following the transaction, the insider owned 1,056,936 shares of the company’s stock, valued at approximately $9,776,658. The trade was a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through 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 Stock Down 1.3%

Shares of NYSE NYC opened at $8.89 on Tuesday. The firm has a market cap of $23.73 million, a P/E ratio of -1.01 and a beta of 0.19. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04. American Strategic Investment Co. has a 1 year low of $7.03 and a 1 year high of $16.30. The firm’s 50 day moving average price is $8.03 and its 200 day moving average price is $10.30.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings results 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 business had revenue of $12.27 million during the quarter, compared to analyst estimates of $14.26 million.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.