American Strategic Investment (NYSE:NYC) Major Shareholder Buys 5,000 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $9.27 per share, with a total value of $46,350.00. Following the purchase, the insider directly owned 1,081,620 shares of the company’s stock, valued at approximately $10,026,617.40. The trade was a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 3.8%

Shares of NYSE:NYC opened at $9.08 on Tuesday. The company has a market cap of $24.43 million, a P/E ratio of -1.07 and a beta of 0.23. 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. The stock’s fifty day moving average price is $8.57 and its 200-day moving average price is $8.67.

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 return on equity of 113.06% and a negative net margin of 53.18%.The business had revenue of $7.35 million during the quarter.

Wall Street Analyst Weigh In

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