American Strategic Investment Co. (NYSE:NYC – Get Free Report) major shareholder Nicholas S. Schorsch bought 1,467 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of $10.07 per share, for a total transaction of $14,772.69. Following the completion of the transaction, the insider now owns 950,376 shares of the company’s stock, valued at approximately $9,570,286.32. The trade was a 0.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
American Strategic Investment Stock Performance
Shares of NYC stock traded down $0.21 during mid-day trading on Thursday, reaching $9.80. 4,504 shares of the company were exchanged, compared to its average volume of 5,453. The company has a market capitalization of $26.09 million, a P/E ratio of -0.11 and a beta of 0.12. The business’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $8.86. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $10.91.
American Strategic Investment (NYSE:NYC – Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting the consensus estimate of ($2.62). The company had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.71 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. During the same quarter in the previous year, the firm earned ($0.48) EPS.
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.
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