American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $19,898.78 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,661 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of $11.98 per share, for a total transaction of $19,898.78. Following the purchase, the insider now owns 990,812 shares of the company’s stock, valued at approximately $11,869,927.76. The trade was a 0.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major 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 Price Performance

American Strategic Investment stock opened at $11.70 on Friday. The stock has a market capitalization of $30.82 million, a P/E ratio of -0.14 and a beta of 0.08. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $13.59. The firm’s 50-day moving average is $10.86 and its two-hundred day moving average is $9.62.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). The firm 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%.

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.