Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,131 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,131 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of $10.75 per share, with a total value of $12,158.25. Following the completion of the transaction, the insider now owns 973,230 shares in the company, valued at $10,462,222.50. The trade was a 0.12 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 10.3 %

Shares of NYC stock opened at $11.63 on Monday. The business’s 50-day moving average price is $10.31 and its 200-day moving average price is $9.36. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $12.52. The firm has a market capitalization of $30.62 million, a price-to-earnings ratio of -0.14 and a beta of 0.13.

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

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.