American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $13,804.47 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,467 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average price of $9.41 per share, for a total transaction of $13,804.47. Following the completion of the acquisition, the insider now owns 947,442 shares of the company’s stock, valued at approximately $8,915,429.22. This represents a 0.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

Shares of American Strategic Investment stock opened at $9.95 on Thursday. The firm has a market cap of $26.45 million, a PE ratio of -0.12 and a beta of 0.12. The business’s 50 day simple moving average is $8.80 and its 200 day simple moving average is $8.86. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $10.91.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, hitting analysts’ consensus estimates of ($2.62). The company had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.71 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. During the same period in the prior year, the business posted ($0.48) EPS.

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.