American Strategic Investment (NYSE:NYC) Major Shareholder Buys $76,240.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 8,000 shares of American Strategic Investment stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of $9.53 per share, for a total transaction of $76,240.00. Following the completion of the acquisition, the insider directly owned 1,089,620 shares of the company’s stock, valued at approximately $10,384,078.60. The trade was a 0.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

Shares of NYC opened at $9.32 on Friday. The stock has a market capitalization of $25.07 million, a price-to-earnings ratio of -1.10 and a beta of 0.19. The business’s 50 day simple moving average is $8.66 and its 200-day simple moving average is $8.70. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03. American Strategic Investment Co. has a 1 year low of $7.00 and a 1 year high of $16.30.

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

Analysts Set New Price Targets

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