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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,664 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was acquired at an average price of $10.53 per share, with a total value of $17,521.92. Following the acquisition, the insider owned 1,068,956 shares in the company, valued at $11,256,106.68. The trade was a 0.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

NYC traded down $0.53 during trading on Thursday, reaching $10.86. The company’s stock had a trading volume of 6,779 shares, compared to its average volume of 5,810. The company has a market cap of $28.98 million, a price-to-earnings ratio of -1.24 and a beta of 0.19. The firm has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $9.97. American Strategic Investment Co. has a 1 year low of $7.03 and a 1 year 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.

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

Wall Street Analyst Weigh In

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