American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,697 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,697 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $9.20 per share, for a total transaction of $15,612.40. Following the purchase, the insider now owns 940,884 shares in the company, valued at approximately $8,656,132.80. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Up 1.6 %

Shares of NYC stock opened at $9.13 on Friday. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $10.91. The stock’s 50-day moving average price is $8.73 and its 200-day moving average price is $8.88.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.62). The business had revenue of $15.45 million for the quarter, compared to the consensus estimate 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 in the previous year, the company posted ($0.48) EPS.

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.