American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Purchases 1,131 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,131 shares of American Strategic Investment stock in a transaction on Monday, March 24th. The shares were bought at an average price of $10.77 per share, with a total value of $12,180.87. Following the completion of the transaction, the insider now directly owns 970,968 shares of the company’s stock, valued at $10,457,325.36. This trade represents a 0.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 1.7 %

NYC stock opened at $10.55 on Thursday. American Strategic Investment Co. has a 52 week low of $5.46 and a 52 week high of $12.52. The firm has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $9.32. The stock has a market capitalization of $28.11 million, a P/E ratio of -0.12 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.54). The firm 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.