American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $16,457.19 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,403 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of $11.73 per share, with a total value of $16,457.19. Following the purchase, the insider now directly owns 979,701 shares of the company’s stock, valued at approximately $11,491,892.73. This represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 6.9 %

Shares of NYSE NYC opened at $10.53 on Friday. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $12.52. The firm has a 50-day moving average of $10.55 and a two-hundred day moving average of $9.43. The company 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 (NYSE:NYC) last released its earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.54). The business had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%.

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.