Nicholas S. Schorsch Buys 1,131 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,131 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average price of $10.75 per share, with a total value of $12,158.25. Following the completion of the transaction, the insider now owns 973,230 shares of the company’s stock, valued at $10,462,222.50. This trade represents a 0.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 10.3 %

Shares of NYC opened at $11.63 on Friday. The firm’s fifty day simple moving average is $10.31 and its two-hundred day simple moving average is $9.35. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $12.52. The stock has a market capitalization of $30.97 million, a P/E ratio of -0.14 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last announced its earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The business had revenue of $14.89 million for the quarter, compared to the consensus estimate of $14.74 million.

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.