Key Points
- Major shareholder Nicholas Schorsch bought 1,224 shares on Jan. 14 at an average price of $9.85, spending $12,056.40 and raising his holdings to 1,059,384 shares (a 0.12% increase) valued at about $10.43 million.
- Company fundamentals are weak: NYC reported a ($3.23) EPS that missed estimates, has a negative return on equity (~97%) and negative net margin (~41%), and a market capitalization of roughly $27.6 million.
- Analyst sentiment is negative, with Weiss Ratings reaffirming a "sell (D-)" and MarketBeat showing an average rating of "Sell."
American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas Schorsch purchased 1,224 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were bought at an average cost of $9.85 per share, for a total transaction of $12,056.40. Following the acquisition, the insider owned 1,059,384 shares of the company's stock, valued at approximately $10,434,932.40. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
American Strategic Investment Trading Up 4.5%
Shares of NYC stock opened at $10.32 on Friday. The company has a market capitalization of $27.56 million, a P/E ratio of -1.18 and a beta of 0.19. 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 business's 50 day moving average is $8.11 and its two-hundred day moving average is $10.26. American Strategic Investment Co. has a twelve month low of $7.03 and a twelve month high of $16.30.
American Strategic Investment (NYSE:NYC - Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) EPS for the quarter, missing the consensus estimate 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 company had revenue of $12.27 million for the quarter, compared to analysts' expectations of $14.26 million.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of American Strategic Investment in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Stock Report on NYC
American Strategic Investment Company Profile
(
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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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