Nicholas Schorsch Acquires 1,500 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of $7.85 per share, with a total value of $11,775.00. Following the purchase, the insider owned 1,073,620 shares in the company, valued at $8,427,917. This represents a 0.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Stock Up 4.2%

Shares of NYC stock opened at $8.40 on Friday. The stock’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $8.65. American Strategic Investment Co. has a twelve month low of $7.00 and a twelve month high of $16.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $22.60 million, a price-to-earnings ratio of -0.99 and a beta of 0.23.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share (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 company had revenue of $7.35 million for the quarter.

Analysts Set New Price Targets

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