American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Purchases 8,000 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 8,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average price of $9.53 per share, with a total value of $76,240.00. Following the transaction, the insider directly owned 1,089,620 shares in the company, valued at approximately $10,384,078.60. The trade was a 0.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

NYC stock opened at $9.32 on Friday. American Strategic Investment Co. has a twelve month low of $7.00 and a twelve month high of $16.30. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The company has a market cap of $25.07 million, a P/E ratio of -1.10 and a beta of 0.19. The business’s fifty day moving average is $8.63 and its 200-day moving average is $8.70.

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

Wall Street Analysts Forecast Growth

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