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 purchased 1,131 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average cost of $10.77 per share, for a total transaction of $12,180.87. Following the completion of the purchase, the insider now directly owns 970,968 shares in the company, valued at $10,457,325.36. This represents a 0.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major 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

Shares of American Strategic Investment stock opened at $10.25 on Friday. The stock has a market capitalization of $27.29 million, a P/E ratio of -0.12 and a beta of 0.13. The business has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $9.33. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $12.52.

American Strategic Investment (NYSE:NYC) last released 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 business had revenue of $14.89 million for the quarter, compared to analysts’ expectations of $14.74 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%.

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.