American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $15,365.74 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,469 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $10.46 per share, for a total transaction of $15,365.74. Following the acquisition, the insider now directly owns 957,717 shares in the company, valued at approximately $10,017,719.82. This represents a 0.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Trading Up 1.6 %

NYSE:NYC traded up $0.17 during mid-day trading on Friday, hitting $10.72. The company had a trading volume of 5,588 shares, compared to its average volume of 5,240. The business has a fifty day simple moving average of $9.01 and a 200-day simple moving average of $8.93. The firm has a market capitalization of $28.57 million, a price-to-earnings ratio of -0.13 and a beta of 0.15. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $11.25.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, meeting the consensus estimate of ($2.62). The business had revenue of $15.45 million for the quarter, compared to the consensus estimate 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 period last year, the business posted ($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.