Nicholas Schorsch Buys 1,500 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,500 shares of American Strategic Investment stock in a transaction dated Monday, June 15th. The shares were acquired at an average cost of $8.29 per share, for a total transaction of $12,435.00. Following the completion of the transaction, the insider owned 1,072,120 shares of the company’s stock, valued at approximately $8,887,874.80. This represents a 0.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 3.7%

Shares of NYSE:NYC opened at $7.61 on Friday. The business’s 50-day moving average is $8.52 and its 200 day moving average is $8.63. American Strategic Investment Co. has a 1 year low of $7.00 and a 1 year high of $16.30. The firm has a market capitalization of $20.47 million, a P/E ratio of -0.90 and a beta of 0.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Friday, May 15th. The company reported ($3.04) EPS for the quarter. The business had revenue of $7.35 million during the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.