Nicholas S. Schorsch Acquires 1,469 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,469 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought 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 of the company’s stock, valued at $9,958,344.97. This represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 3.2 %

Shares of NYSE NYC opened at $10.50 on Thursday. The firm has a market capitalization of $27.92 million, a P/E ratio of -0.12 and a beta of 0.15. The firm’s 50-day moving average price is $8.93 and its 200-day moving average price is $8.90. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $10.91.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $15.71 million. During the same period in the prior year, the business earned ($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.