American Strategic Investment Co. (NYSE:NYC – Get Free Report) dropped 2.5% on Thursday . The stock traded as low as $8.11 and last traded at $8.13. Approximately 3,705 shares changed hands during trading, a decline of 95% from the average session volume of 74,968 shares. The stock had previously closed at $8.34.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Strategic Investment in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on NYC
American Strategic Investment Stock Up 0.9%
American Strategic Investment (NYSE:NYC – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share for the quarter. The company had revenue of $7.35 million for the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.
Insider Activity at American Strategic Investment
In related news, major shareholder Nicholas S. Schorsch bought 8,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average cost of $9.53 per share, with a total value of $76,240.00. Following the completion of the purchase, the insider directly owned 1,089,620 shares of the company’s stock, valued at $10,384,078.60. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 18,000 shares of company stock worth $163,490 over the last ninety days. 3.97% of the stock is currently owned by insiders.
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.
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