American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $17,060.48 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,403 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $12.16 per share, for a total transaction of $17,060.48. Following the completion of the acquisition, the insider now owns 976,895 shares in the company, valued at approximately $11,879,043.20. This trade represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC stock opened at $10.53 on Friday. The firm has a market capitalization of $27.72 million, a price-to-earnings ratio of -0.12 and a beta of 0.08. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52. The company has a 50 day moving average price of $10.55 and a 200 day moving average price of $9.43.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The firm had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.