American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $15,459.67 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,697 shares of the business’s stock in a transaction on Friday, January 24th. The stock was purchased at an average price of $9.11 per share, with a total value of $15,459.67. Following the purchase, the insider now owns 945,975 shares of the company’s stock, valued at approximately $8,617,832.25. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

Shares of NYC stock opened at $9.64 on Tuesday. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $10.91. The stock has a market cap of $25.64 million, a price-to-earnings ratio of -0.11 and a beta of 0.12. The firm’s 50-day moving average is $8.75 and its 200-day moving average is $8.85.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.62). The company 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 last year, the firm posted ($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.