Nicholas S. Schorsch Purchases 1,467 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,467 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average price of $10.07 per share, with a total value of $14,772.69. Following the completion of the acquisition, the insider now owns 950,376 shares in the company, valued at $9,570,286.32. The trade was a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYC stock opened at $9.91 on Friday. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $10.91. The business has a fifty day moving average price of $8.84 and a 200-day moving average price of $8.87.

American Strategic Investment (NYSE:NYC) last posted its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.62). 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 $15.45 million for the quarter, compared to analysts’ expectations of $15.71 million. During the same quarter 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.