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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,467 shares of the stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $10.25 per share, with a total value of $15,036.75. Following the completion of the purchase, the insider now directly owns 953,310 shares of the company’s stock, valued at approximately $9,771,427.50. This trade represents a 0.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of NYSE:NYC opened at $10.74 on Friday. The firm’s 50 day simple moving average is $8.97 and its 200-day simple moving average is $8.91. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $11.25.

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

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.