American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $19,350.65 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,661 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was acquired at an average cost of $11.65 per share, with a total value of $19,350.65. Following the transaction, the insider now owns 987,490 shares of the company’s stock, valued at $11,504,258.50. This trade represents a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major 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 0.8 %

Shares of American Strategic Investment stock opened at $11.77 on Friday. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52. The stock has a 50-day moving average price of $10.76 and a 200 day moving average price of $9.54. The company has a market cap of $31.00 million, a P/E ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last posted its quarterly 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 company had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%.

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.