American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $12,180.87 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,131 shares of American Strategic Investment stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of $10.77 per share, with a total value of $12,180.87. Following the completion of the purchase, the insider now directly owns 970,968 shares of the company’s stock, valued at approximately $10,457,325.36. This represents a 0.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 0.2 %

Shares of NYC stock traded down $0.02 during trading hours on Tuesday, reaching $10.73. 2,858 shares of the stock traded hands, compared to its average volume of 5,948. The firm has a market capitalization of $28.58 million, a PE ratio of -0.13 and a beta of 0.13. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $12.52. The business has a fifty day moving average price of $10.19 and a 200 day moving average price of $9.31.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($2.06) by ($0.54). The firm had revenue of $14.89 million for the quarter, compared to analysts’ expectations 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.