American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Purchases 1,740 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,740 shares of the stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of $11.44 per share, with a total value of $19,905.60. Following the completion of the acquisition, the insider now owns 996,032 shares of the company’s stock, valued at $11,394,606.08. This represents a 0.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 Up 2.9 %

Shares of NYC stock opened at $11.70 on Friday. The firm has a 50 day moving average of $10.88 and a 200-day moving average of $9.64. The company has a market cap of $30.82 million, a price-to-earnings ratio of -0.14 and a beta of 0.08. American Strategic Investment Co. has a 52 week low of $5.46 and a 52 week high of $13.59.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS 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 company had revenue of $14.89 million during the quarter, compared to analyst estimates of $14.74 million.

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.