American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas S. Schorsch purchased 1,467 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $10.07 per share, for a total transaction of $14,772.69. Following the completion of the purchase, the insider now directly owns 950,376 shares of the company's stock, valued at $9,570,286.32. The trade was a 0.15 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
American Strategic Investment Trading Down 2.1 %
Shares of NYC opened at $9.80 on Friday. The business's fifty day moving average price is $8.82 and its two-hundred day moving average price is $8.86. American Strategic Investment Co. has a 52 week low of $5.46 and a 52 week high of $10.91.
American Strategic Investment (NYSE:NYC - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.62). The business had revenue of $15.45 million for the quarter, compared to analysts' expectations 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 quarter last year, the business earned ($0.48) earnings per share.
About American Strategic Investment
(
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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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