Nicholas S. Schorsch Purchases 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 company’s stock in a transaction on Wednesday, March 26th. The stock was acquired at an average price of $10.75 per share, with a total value of $12,158.25. Following the completion of the purchase, the insider now directly owns 973,230 shares in the company, 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 can be accessed through this link. Major 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 Stock Performance

NYC stock opened at $11.63 on Friday. The company’s fifty day moving average price is $10.31 and its 200-day moving average price is $9.36. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52. The company has a market capitalization of $30.62 million, a PE ratio of -0.14 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last announced its quarterly 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). The company had revenue of $14.89 million during 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%.

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.