American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,469 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,469 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $10.98 per share, with a total value of $16,129.62. Following the completion of the purchase, the insider now owns 960,655 shares in the company, valued at $10,547,991.90. This represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC opened at $10.72 on Friday. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $11.25. The firm’s 50-day simple moving average is $9.01 and its two-hundred day simple moving average is $8.93.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting the consensus estimate of ($2.62). The company 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 prior year, the business 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.