Nicholas Schorsch Purchases 1,365 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,365 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, January 21st. The stock was bought at an average price of $10.77 per share, with a total value of $14,701.05. Following the purchase, the insider owned 1,064,562 shares of the company’s stock, valued at $11,465,332.74. This trade represents a 0.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 5.8%

Shares of NYC opened at $9.98 on Friday. The stock’s 50-day moving average price is $8.36 and its 200 day moving average price is $10.07. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $26.63 million, a price-to-earnings ratio of -1.14 and a beta of 0.19. American Strategic Investment Co. has a 12-month low of $7.03 and a 12-month high of $16.30.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($3.23) earnings per share 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 Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Strategic Investment in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, American Strategic Investment currently 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.