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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,742 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased 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 $9,824,448.81. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

American Strategic Investment stock opened at $10.55 on Thursday. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $12.52. The firm has a market capitalization of $28.11 million, a price-to-earnings ratio of -0.12 and a beta of 0.13. The stock’s fifty day moving average is $10.23 and its two-hundred day moving average is $9.32.

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

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.