American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $18,187.95 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,661 shares of the business’s stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $10.95 per share, with a total value of $18,187.95. Following the transaction, the insider now directly owns 984,168 shares in the company, valued at $10,776,639.60. This trade represents a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large 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

NYC stock opened at $11.49 on Thursday. The business has a fifty day moving average price of $10.70 and a 200 day moving average price of $9.51. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $12.52. The stock has a market capitalization of $30.26 million, a price-to-earnings ratio of -0.13 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 firm had revenue of $14.89 million during 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%.

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.