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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,742 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were bought at an average price of $10.13 per share, for a total transaction of $17,646.46. Following the completion of the acquisition, the insider now owns 969,837 shares in the company, valued at approximately $9,824,448.81. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC stock opened at $10.25 on Friday. The firm has a market capitalization of $27.29 million, a price-to-earnings ratio of -0.12 and a beta of 0.13. The company has a 50 day moving average price of $10.26 and a 200 day moving average price of $9.33. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52.

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

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.