American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $17,646.46 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,742 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $10.13 per share, with a total value of $17,646.46. Following the completion of the purchase, the insider now owns 969,837 shares in the company, valued at approximately $9,824,448.81. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Down 0.2 %

Shares of NYSE:NYC opened at $10.73 on Wednesday. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $12.52. The business has a 50 day moving average of $10.19 and a two-hundred day moving average of $9.31. The company has a market capitalization of $28.58 million, a PE ratio of -0.13 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $14.74 million.

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.