American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Purchases 1,740 Shares

American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas S. Schorsch bought 1,740 shares of the stock in a transaction on Wednesday, April 16th. The stock was acquired at an average price of $11.44 per share, with a total value of $19,905.60. Following the completion of the acquisition, the insider now owns 996,032 shares of the company's stock, valued at $11,394,606.08. This represents a 0.17 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Up 2.9 %

• New York Community Bank stock plummets amid real estate risks

Shares of NYC stock opened at $11.70 on Friday. The firm has a 50 day moving average of $10.88 and a 200-day moving average of $9.64. The company has a market cap of $30.82 million, a price-to-earnings ratio of -0.14 and a beta of 0.08. American Strategic Investment Co. has a 52 week low of $5.46 and a 52 week high of $13.59.

American Strategic Investment (NYSE:NYC - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing analysts' consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The company had revenue of $14.89 million during the quarter, compared to analyst estimates of $14.74 million.

About American Strategic Investment

• Banking and trucking: Is the economy rolling toward troubles?

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

Read More

• Five stocks we like better than American Strategic Investment
• 3 Monster Growth Stocks to Buy Now
• 3 Mid-Cap to Mega-Cap Stocks Have Announced Significant Buybacks
• What Are Dividend Challengers?
• These 3 Stocks Have Huge Last 12 Months Shareholder Yields
• Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
• Prominent Hedge Fund Acquires Huge Stake in HPE: Is It a Buy Now?

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.

• Three High-Dividend Yield Stocks For Stable Income And Growth

More From MarketBeat

White House to reset Social Security?

Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...

Altimetry | Sponsored

13 Stocks With Strong Institutional Buying

Hedge funds, university endowments, pension funds, and sovereign wealth funds have been pouring money into an ...

MarketBeat

3..2..1.. AI 2.0 ignition (don’t sleep on this)

I just put together an urgent new presentation that you need to see right away. In short: I believe we are...

Timothy Sykes | Sponsored

7 Defensive Stocks to Shield Your Portfolio from Inflation

Inflation is an unavoidable consequence of a market-based economy. In the best case, inflation is fueled by ...

MarketBeat

Get Your Bank Account “Fed Invasion” Ready with THESE 4 Simple Steps

Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac...

Weiss Ratings | Sponsored

The 10 Best Lithium Stocks to Buy for a Post Gasoline World

Electric vehicles currently make up about 5% of new car sales in the United States. While they have received a...

MarketBeat

Trump’s treachery

Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to ...

Porter & Company | Sponsored

7 Massive Growth Stocks to Own for the Next 10 Years

Many investors look to get in on the ground floor of a massive growth stock. For example, in 2024, a stock l...

MarketBeat