Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Purchases $18,553.60 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,664 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average price of $11.15 per share, with a total value of $18,553.60. Following the completion of the acquisition, the insider directly owned 1,072,284 shares in the company, valued at $11,955,966.60. This represents a 0.16% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large 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 Stock Down 1.1%

Shares of NYSE NYC opened at $11.26 on Friday. The firm’s 50-day moving average is $8.66 and its two-hundred day moving average is $9.91. The company has a market capitalization of $30.05 million, a PE ratio of -1.28 and a beta of 0.19. American Strategic Investment Co. has a 12-month low of $7.03 and a 12-month high of $16.30. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company 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.