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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 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 owned 1,061,832 shares in the company, valued at approximately $10,873,159.68. This trade represents a 0.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Trading Up 4.5%

NYC traded up $0.44 on Friday, hitting $10.32. The company had a trading volume of 2,750 shares, compared to its average volume of 4,965. The firm has a market cap of $27.56 million, a P/E ratio of -1.18 and a beta of 0.19. American Strategic Investment Co. has a 1 year low of $7.03 and a 1 year high of $16.30. The company’s fifty day moving average price is $8.11 and its 200 day moving average price is $10.26. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39.

American Strategic Investment (NYSE:NYC) last announced its 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). American Strategic Investment had a negative return on equity of 97.07% and a negative net margin of 40.92%.The company had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $14.26 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.