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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of $10.77 per share, for a total transaction of $12,180.87. Following the completion of the transaction, the insider now owns 970,968 shares in the company, valued at approximately $10,457,325.36. This represents a 0.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 Performance

Shares of NYSE:NYC opened at $10.73 on Wednesday. The company’s fifty day moving average is $10.19 and its two-hundred day moving average is $9.31. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $12.52. The stock has a market capitalization of $28.58 million, a price-to-earnings ratio of -0.13 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data 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). The business had revenue of $14.89 million for the quarter, compared to analyst estimates 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.