American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $11,919.36 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,536 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $7.76 per share, for a total transaction of $11,919.36. Following the acquisition, the insider now directly owns 1,054,938 shares in the company, valued at approximately $8,186,318.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

Shares of NYC stock opened at $7.96 on Friday. The company’s fifty day simple moving average is $8.14 and its two-hundred day simple moving average is $7.82. American Strategic Investment Co. has a 1 year low of $6.15 and a 1 year high of $22.48. The stock has a market capitalization of $18.58 million, a price-to-earnings ratio of -0.40 and a beta of -0.05.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Thursday, November 9th. The company reported ($4.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.42) by ($2.68). American Strategic Investment had a negative net margin of 66.36% and a negative return on equity of 13.55%. The business had revenue of $16.02 million for the quarter, compared to the consensus estimate of $16.39 million. Equities research analysts anticipate that American Strategic Investment Co. will post -6.49 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley lowered their target price on shares of American Strategic Investment from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, August 18th.

Institutional Investors Weigh In On American Strategic Investment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of American Strategic Investment by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,630 shares of the company’s stock worth $814,000 after purchasing an additional 11,599 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of American Strategic Investment in the first quarter worth $185,000. Vanguard Group Inc. increased its holdings in shares of American Strategic Investment by 4.5% in the first quarter. Vanguard Group Inc. now owns 579,523 shares of the company’s stock worth $7,650,000 after purchasing an additional 24,931 shares during the period. Northern Trust Corp increased its holdings in shares of American Strategic Investment by 11.9% in the first quarter. Northern Trust Corp now owns 24,265 shares of the company’s stock worth $320,000 after purchasing an additional 2,578 shares during the period. Finally, UBS Group AG increased its holdings in shares of American Strategic Investment by 41.9% in the first quarter. UBS Group AG now owns 8,754 shares of the company’s stock worth $116,000 after purchasing an additional 2,585 shares during the period. Institutional investors own 40.55% of the company’s stock.

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.