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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,469 shares of the stock in a transaction dated Monday, February 3rd. The shares were purchased at an average cost of $10.43 per share, for a total transaction of $15,321.67. Following the completion of the purchase, the insider now owns 954,779 shares in the company, valued at approximately $9,958,344.97. This represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Up 1.6 %

NYSE NYC opened at $10.19 on Wednesday. The stock has a 50-day moving average of $8.90 and a 200 day moving average of $8.89. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $10.91.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting the consensus estimate of ($2.62). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The business had revenue of $15.45 million during the quarter, compared to the consensus estimate of $15.71 million. During the same period in the prior year, the company posted ($0.48) EPS.

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.