Key Points
- Nicholas Schorsch bought 1,224 shares of American Strategic Investment on Jan. 12 at an average price of $9.25, raising his holding to 1,056,936 shares (about $9.78M) — a 0.12% increase; the trade was disclosed in an SEC filing.
- The company reported a weak quarter with EPS of -$3.23 (missing the -$1.76 estimate), a negative net margin (40.92%) and negative ROE (97.07%), and has a small market cap of roughly $23.7M.
- Analyst sentiment is pessimistic — Weiss Ratings reaffirmed a “Sell (D-)” and the stock trades near the lower end of its 52-week range (opened $8.89; 52-week low $7.03, high $16.30).
American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas Schorsch acquired 1,224 shares of the firm's stock in a transaction on Monday, January 12th. The shares were acquired at an average price of $9.25 per share, with a total value of $11,322.00. Following the completion of the purchase, the insider owned 1,056,936 shares of the company's stock, valued at $9,776,658. This trade represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Performance
Shares of NYC stock opened at $8.89 on Tuesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. The company has a market cap of $23.73 million, a PE ratio of -1.01 and a beta of 0.19. The company's fifty day simple moving average is $8.03 and its 200-day simple moving average is $10.30. American Strategic Investment Co. has a 52 week low of $7.03 and a 52 week high of $16.30.
American Strategic Investment (NYSE:NYC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($1.47). American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%. The company had revenue of $12.27 million during the quarter, compared to analyst estimates of $14.26 million.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".
Read Our Latest Research Report on NYC
About American Strategic Investment
(
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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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