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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,664 shares of the stock in a transaction on Tuesday, January 27th. The shares were acquired at an average price of $10.53 per share, for a total transaction of $17,521.92. Following the acquisition, the insider owned 1,068,956 shares of the company’s stock, valued at approximately $11,256,106.68. The trade was a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC opened at $10.86 on Friday. American Strategic Investment Co. has a 52 week low of $7.03 and a 52 week high of $16.30. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50 day moving average price of $8.59 and a two-hundred day moving average price of $9.97. The firm has a market capitalization of $28.98 million, a P/E ratio of -1.24 and a beta of 0.19.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Wednesday, November 19th. The company reported ($3.23) EPS for the quarter, missing the consensus estimate of ($1.76) by ($1.47). The firm had revenue of $12.27 million during the quarter, compared to analysts’ expectations of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Wall Street Analyst Weigh In

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