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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,697 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of $9.11 per share, with a total value of $15,459.67. Following the completion of the transaction, the insider now owns 945,975 shares in the company, valued at approximately $8,617,832.25. This represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Performance

Shares of NYC stock traded up $0.49 during mid-day trading on Monday, hitting $9.64. 5,877 shares of the stock were exchanged, compared to its average volume of 5,199. The stock’s fifty day simple moving average is $8.75 and its two-hundred day simple moving average is $8.85. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $10.91. The stock has a market capitalization of $25.64 million, a price-to-earnings ratio of -0.11 and a beta of 0.12.

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