Nicholas Schorsch Buys 5,000 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average cost of $9.27 per share, for a total transaction of $46,350.00. Following the acquisition, the insider owned 1,081,620 shares in the company, valued at approximately $10,026,617.40. The trade was a 0.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of NYC opened at $9.04 on Thursday. The company has a market cap of $24.32 million, a P/E ratio of -1.07 and a beta of 0.18. The stock has a fifty day moving average price of $8.61 and a 200 day moving average price of $8.69. 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 12 month low of $7.00 and a 12 month high of $16.30.

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 return on equity of 113.06% and a negative net margin of 53.18%.The company had revenue of $7.35 million during the quarter.

Wall Street Analysts Forecast Growth

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