Key Points
- Major shareholder Nicholas Schorsch bought 5,000 American Strategic Investment shares at an average price of $6.81, investing $34,050 and increasing his position by 0.63% to 794,620 shares.
- American Strategic Investment reported a quarterly loss of $3.04 per share on $7.32 million in revenue. The stock opened at $6.72, with a one-year range of $5.97 to $13.97.
- The company has a consensus “Sell” rating; Weiss Ratings only modestly upgraded its view from “sell (d-)” to “sell (d+).”
American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas Schorsch purchased 5,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was bought at an average cost of $6.81 per share, with a total value of $34,050.00. Following the purchase, the insider owned 794,620 shares of the company's stock, valued at approximately $5,411,362.20. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
American Strategic Investment Price Performance
Shares of NYC opened at $6.72 on Friday. The business has a 50-day moving average of $8.25 and a 200-day moving average of $8.42. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $21.24 million, a price-to-earnings ratio of 1.37 and a beta of 0.18. American Strategic Investment Co. has a 1 year low of $5.97 and a 1 year high of $13.97.
American Strategic Investment (NYSE:NYC - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($3.04) EPS for the quarter. The company had revenue of $7.32 million during the quarter. American Strategic Investment had a net margin of 38.87% and a negative return on equity of 50.85%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of American Strategic Investment from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".
Check Out Our Latest Report on NYC
American Strategic Investment Company Profile
(
Get Free Report)
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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