Nicholas S. Schorsch Buys 1,742 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,742 shares of the company’s stock in a transaction on Friday, March 21st. The stock was acquired at an average cost of $10.13 per share, with a total value of $17,646.46. Following the completion of the purchase, the insider now directly owns 969,837 shares in the company, valued at approximately $9,824,448.81. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

American Strategic Investment stock opened at $10.73 on Wednesday. The company’s 50-day moving average is $10.19 and its 200 day moving average is $9.31. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $12.52. The firm has a market capitalization of $28.58 million, a P/E ratio of -0.13 and a beta of 0.13.

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

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.