American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,131 Shares of 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 Wednesday, March 26th. The shares were purchased at an average cost of $10.75 per share, for a total transaction of $12,158.25. Following the completion of the purchase, the insider now directly owns 973,230 shares of the company’s stock, valued at approximately $10,462,222.50. This represents a 0.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 Price Performance

Shares of NYSE NYC opened at $11.63 on Friday. The company has a 50 day simple moving average of $10.31 and a 200 day simple moving average of $9.35. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52. The firm has a market cap of $30.97 million, a PE ratio of -0.14 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (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 business had revenue of $14.89 million for the quarter, compared to the consensus estimate 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.