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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of the stock in a transaction dated Friday, January 16th. The shares were acquired at an average price of $10.24 per share, with a total value of $12,533.76. Following the completion of the acquisition, the insider directly owned 1,061,832 shares of the company’s stock, valued at approximately $10,873,159.68. The trade was a 0.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Stock Up 4.5%

NYC stock opened at $10.32 on Friday. American Strategic Investment Co. has a twelve month low of $7.03 and a twelve month high of $16.30. 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 cap of $27.56 million, a PE ratio of -1.18 and a beta of 0.19. The business has a 50 day moving average of $8.11 and a 200 day moving average of $10.26.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings results 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 company had revenue of $12.27 million for the quarter, compared to the consensus estimate of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently 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.