Nicholas Schorsch Buys 1,224 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,224 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were purchased at an average cost of $9.25 per share, with a total value of $11,322.00. Following the transaction, the insider directly owned 1,056,936 shares of the company’s stock, valued at $9,776,658. This trade represents a 0.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

NYC stock traded down $0.12 during mid-day trading on Monday, hitting $8.89. The stock had a trading volume of 5,119 shares, compared to its average volume of 4,405. The firm has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $10.30. The firm has a market capitalization of $23.73 million, a P/E ratio of -1.01 and a beta of 0.19. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. American Strategic Investment Co. has a 52 week low of $7.03 and a 52 week high of $16.30.

American Strategic Investment (NYSE:NYC) last posted its quarterly 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). The firm had revenue of $12.27 million for the quarter, compared to analyst estimates 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 Analyst Weigh In

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