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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $11.35 per share, for a total transaction of $12,836.85. Following the acquisition, the insider now directly owns 975,492 shares in the company, valued at $11,071,834.20. This represents a 0.12 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

American Strategic Investment stock opened at $11.63 on Friday. The company has a market capitalization of $30.62 million, a price-to-earnings ratio of -0.14 and a beta of 0.13. The company’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $9.36. 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 announced its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The company had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million.

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.