Nicholas Schorsch Acquires 1,664 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,664 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were bought at an average cost of $11.15 per share, with a total value of $18,553.60. Following the purchase, the insider directly 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 1.1%

Shares of American Strategic Investment stock opened at $11.26 on Friday. 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 twelve month low of $7.03 and a twelve month high of $16.30. The firm has a market capitalization of $30.08 million, a PE ratio of -1.28 and a beta of 0.19. The firm’s 50-day moving average price is $8.66 and its 200 day moving average price is $9.94.

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 firm had revenue of $12.27 million for 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%.

Analysts Set New Price Targets

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