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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,697 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of $9.11 per share, for a total transaction of $15,459.67. Following the transaction, the insider now owns 945,975 shares in the company, valued at $8,617,832.25. The trade was a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 5.4 %

Shares of NYC opened at $9.64 on Tuesday. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $10.91. The stock has a market capitalization of $25.64 million, a P/E ratio of -0.11 and a beta of 0.12. The company has a 50 day moving average of $8.75 and a 200-day moving average of $8.85.

American Strategic Investment (NYSE:NYC) last released its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, meeting analysts’ consensus estimates of ($2.62). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The business had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.71 million. During the same quarter last year, the firm earned ($0.48) earnings per share.

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.