American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Buys 1,365 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,365 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was acquired at an average price of $10.77 per share, for a total transaction of $14,701.05. Following the completion of the transaction, the insider directly owned 1,064,562 shares of the company’s stock, valued at approximately $11,465,332.74. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 Down 5.8%

Shares of American Strategic Investment stock opened at $9.98 on Friday. American Strategic Investment Co. has a 1-year low of $7.03 and a 1-year high of $16.30. The company’s fifty day simple moving average is $8.36 and its 200-day simple moving average is $10.10. 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 stock has a market capitalization of $26.63 million, a PE ratio of -1.14 and a beta of 0.19.

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

Wall Street Analysts Forecast Growth

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