American Strategic Investment (NYSE:NYC) Trading Down 2.9%

Posted by on Jun 23rd, 2023

American Strategic Investment Co. (NYSE:NYC – Get Rating) shares traded down 2.9% during mid-day trading on Thursday . The stock traded as low as $7.25 and last traded at $7.25. 1,003 shares were traded during mid-day trading, a decline of 88% from the average session volume of 8,117 shares. The stock had previously closed at $7.47.

Analysts Set New Price Targets

Separately, B. Riley decreased their target price on shares of American Strategic Investment from $44.00 to $15.00 in a research report on Friday, March 17th.

American Strategic Investment Stock Performance

The business’s 50 day moving average is $8.89 and its 200-day moving average is $11.25. The firm has a market capitalization of $16.68 million, a price-to-earnings ratio of -0.30 and a beta of 0.15.

Insider Activity

In other American Strategic Investment news, major shareholder Nicholas S. Schorsch bought 2,448 shares of the business’s stock in a transaction on Monday, April 17th. The shares were bought at an average cost of $12.64 per share, for a total transaction of $30,942.72. Following the transaction, the insider now owns 529,023 shares in the company, valued at approximately $6,686,850.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Nicholas S. Schorsch purchased 1,982 shares of the company’s stock in a transaction on Friday, April 21st. The shares were purchased at an average price of $12.82 per share, with a total value of $25,409.24. Following the purchase, the insider now directly owns 534,270 shares of the company’s stock, valued at approximately $6,849,341.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Nicholas S. Schorsch acquired 2,448 shares of the stock in a transaction dated Monday, April 17th. The stock was acquired at an average price of $12.64 per share, for a total transaction of $30,942.72. Following the completion of the acquisition, the insider now directly owns 529,023 shares of the company’s stock, valued at $6,686,850.72. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 26,150 shares of company stock worth $268,859. Corporate insiders own 0.66% of the company’s stock.

Institutional Trading of American Strategic Investment

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its holdings in shares of American Strategic Investment by 11.9% in the first quarter. Northern Trust Corp now owns 24,265 shares of the company’s stock valued at $320,000 after purchasing an additional 2,578 shares during the last quarter. UBS Group AG boosted its stake in American Strategic Investment by 41.9% in the 1st quarter. UBS Group AG now owns 8,754 shares of the company’s stock valued at $116,000 after purchasing an additional 2,585 shares during the period. Royal Bank of Canada boosted its stake in American Strategic Investment by 67.5% in the 1st quarter. Royal Bank of Canada now owns 7,115 shares of the company’s stock valued at $94,000 after purchasing an additional 2,867 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in American Strategic Investment by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,630 shares of the company’s stock valued at $814,000 after purchasing an additional 11,599 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in American Strategic Investment in the 1st quarter valued at about $185,000. Institutional investors and hedge funds own 41.33% of the company’s stock.

American Strategic Investment Company Profile

(Get Rating)

New York City REIT, Inc (NYSE: NYC) is a publicly traded real estate investment trust listed on the NYSE that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

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