American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Buys 1,365 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,365 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, January 21st. The stock was purchased at an average cost of $10.77 per share, for a total transaction of $14,701.05. Following the acquisition, the insider owned 1,064,562 shares of the company’s stock, valued at $11,465,332.74. This represents a 0.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Down 5.8%

NYSE NYC traded down $0.62 on Friday, hitting $9.98. 3,941 shares of the stock were exchanged, compared to its average volume of 5,896. 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 Co. has a fifty-two week low of $7.03 and a fifty-two week high of $16.30. The company has a market cap of $26.63 million, a PE ratio of -1.14 and a beta of 0.19. The company has a 50-day moving average price of $8.36 and a 200-day moving average price of $10.10.

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

Analyst Ratings Changes

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