Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires 1,469 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,469 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $10.98 per share, with a total value of $16,129.62. Following the completion of the acquisition, the insider now owns 960,655 shares in the company, valued at $10,547,991.90. The trade was a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available 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 Price Performance

American Strategic Investment stock opened at $10.72 on Friday. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $11.25. The stock has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $8.93.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.62). The business had revenue of $15.45 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned ($0.48) EPS.

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.