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 business’s stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of $11.73 per share, for a total transaction of $16,457.19. Following the transaction, the insider now directly owns 979,701 shares in the company, valued at approximately $11,491,892.73. This trade represents a 0.14 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 3.2 %

Shares of NYSE:NYC opened at $11.74 on Thursday. The firm has a 50 day moving average of $10.47 and a 200 day moving average of $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 Co. has a 52 week low of $5.46 and a 52 week high of $12.52.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate 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 the consensus estimate 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.