American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas S. Schorsch bought 1,740 shares of the stock in a transaction dated Monday, April 14th. The stock was purchased at an average price of $12.24 per share, with a total value of $21,297.60. Following the purchase, the insider now owns 992,552 shares in the company, valued at $12,148,836.48. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
American Strategic Investment Trading Up 3.1 %
NYC opened at $12.51 on Wednesday. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $13.59. The company has a market cap of $32.94 million, a price-to-earnings ratio of -0.15 and a beta of 0.08. The stock has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $9.59.
American Strategic Investment (NYSE:NYC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.06) by ($0.54). The business had revenue of $14.89 million for the quarter, compared to analysts' expectations of $14.74 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%.
American Strategic Investment Company Profile
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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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