American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Buys 1,664 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,664 shares of American Strategic Investment stock in a transaction dated Thursday, January 29th. The shares were acquired at an average cost of $11.15 per share, for a total transaction of $18,553.60. Following the completion of the transaction, the insider owned 1,072,284 shares of the company’s stock, valued at approximately $11,955,966.60. This represents a 0.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 4.6%

Shares of NYC traded down $0.53 during midday trading on Thursday, hitting $10.86. 6,779 shares of the company’s stock traded hands, compared to its average volume of 5,810. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $28.98 million, a price-to-earnings ratio of -1.24 and a beta of 0.19. American Strategic Investment Co. has a 1 year low of $7.03 and a 1 year high of $16.30. The firm’s fifty day moving average is $8.59 and its 200-day moving average is $9.97.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $14.26 million.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to 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.