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 bought 1,131 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $11.35 per share, with a total value of $12,836.85. Following the completion of the purchase, the insider now owns 975,492 shares in the company, valued at approximately $11,071,834.20. This trade represents a 0.12 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 10.3 %

Shares of American Strategic Investment stock traded up $1.09 during trading hours on Friday, reaching $11.63. The stock had a trading volume of 14,170 shares, compared to its average volume of 5,998. The stock’s 50 day moving average is $10.31 and its 200 day moving average is $9.35. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $12.52. The firm has a market capitalization of $30.97 million, a PE ratio of -0.14 and a beta of 0.13.

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 the consensus estimate 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.