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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of American Strategic Investment stock in a transaction on Wednesday, January 14th. The stock was purchased at an average price of $9.85 per share, for a total transaction of $12,056.40. Following the completion of the acquisition, the insider owned 1,059,384 shares in the company, valued at $10,434,932.40. This represents a 0.12% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 4.5%

NYC stock traded up $0.44 during midday trading on Friday, hitting $10.32. The stock had a trading volume of 2,750 shares, compared to its average volume of 4,965. The firm has a market cap of $27.56 million, a PE ratio of -1.18 and a beta of 0.19. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. American Strategic Investment Co. has a 12-month low of $7.03 and a 12-month high of $16.30. The company’s 50-day moving average price is $8.11 and its 200 day moving average price is $10.26.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share 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 analyst estimates of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, American Strategic Investment 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.