American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $15,612.40 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,697 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $9.20 per share, with a total value of $15,612.40. Following the transaction, the insider now owns 940,884 shares in the company, valued at approximately $8,656,132.80. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

Shares of American Strategic Investment stock opened at $8.98 on Friday. The company has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $8.86. The firm has a market cap of $23.91 million, a PE ratio of -0.10 and a beta of 0.12. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $10.91.

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

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.