American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Acquires 1,488 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,488 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $11.00 per share, with a total value of $16,368.00. Following the completion of the purchase, the insider now owns 962,143 shares of the company’s stock, valued at $10,583,573. This represents a 0.15 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Trading Up 3.1 %

Shares of NYSE NYC opened at $11.17 on Friday. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $11.30. The firm’s 50-day simple moving average is $9.22 and its 200 day simple moving average is $8.99.

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