American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $15,036.75 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,467 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $10.25 per share, with a total value of $15,036.75. Following the acquisition, the insider now owns 953,310 shares of the company’s stock, valued at $9,771,427.50. This represents a 0.15 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 3.2 %

Shares of American Strategic Investment stock opened at $10.50 on Thursday. The company’s fifty day simple moving average is $8.93 and its two-hundred day simple moving average is $8.90. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $10.91. The company has a market cap of $27.92 million, a P/E ratio of -0.12 and a beta of 0.15.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.62). The company had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.71 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. During the same period in the prior year, the firm earned ($0.48) earnings per share.

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.