American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,403 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,403 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average price of $11.73 per share, with a total value of $16,457.19. Following the transaction, the insider now directly owns 979,701 shares in the company, valued at $11,491,892.73. This represents a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

NYSE NYC traded up $0.36 during trading hours on Wednesday, reaching $11.74. 4,319 shares of the company’s stock were exchanged, compared to its average volume of 6,087. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52. The company’s 50-day moving average is $10.47 and its two-hundred day moving average is $9.41. The company has a market capitalization of $30.92 million, a price-to-earnings ratio of -0.14 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last issued its earnings results 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 return on equity of 17.68% and a negative net margin of 334.85%. The firm had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million.

American Strategic Investment Company Profile

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.