Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,661 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,661 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average cost of $11.65 per share, with a total value of $19,350.65. Following the purchase, the insider now owns 987,490 shares in the company, valued at $11,504,258.50. The trade was a 0.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 $11.77 on Friday. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52. The company’s fifty day moving average price is $10.76 and its two-hundred day moving average price is $9.54. The company has a market capitalization of $31.00 million, a price-to-earnings ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The company had revenue of $14.89 million during the quarter, compared to the consensus estimate of $14.74 million.

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.