American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Buys 1,500 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $7.85 per share, for a total transaction of $11,775.00. Following the completion of the purchase, the insider directly owned 1,073,620 shares of the company’s stock, valued at $8,427,917. The trade was a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Stock Down 0.5%

NYSE NYC opened at $8.24 on Thursday. The business has a fifty day moving average price of $8.51 and a two-hundred day moving average price of $8.64. 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 Co. has a fifty-two week low of $7.00 and a fifty-two week high of $16.30. The stock has a market capitalization of $22.17 million, a PE ratio of -0.98 and a beta of 0.23.

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

Analyst Ratings Changes

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