American Strategic Investment (NYSE:NYC) Major Shareholder Acquires 5,000 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was purchased at an average cost of $6.81 per share, for a total transaction of $34,050.00. Following the completion of the transaction, the insider owned 794,620 shares in the company, valued at approximately $5,411,362.20. The trade was a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 2.9%

Shares of American Strategic Investment stock traded up $0.19 during trading on Thursday, hitting $6.72. 15,492 shares of the stock traded hands, compared to its average volume of 43,377. The stock has a market cap of $21.24 million, a P/E ratio of 1.37 and a beta of 0.18. The company has a fifty day moving average price of $8.25 and a two-hundred day moving average price of $8.42. American Strategic Investment Co. has a twelve month low of $5.97 and a twelve month high of $13.97. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.03 and a current ratio of 0.03.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($3.04) earnings per share for the quarter. The business had revenue of $7.32 million for the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.