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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was 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 of the company’s stock, valued at $11,071,834.20. This trade represents a 0.12 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 10.3 %

American Strategic Investment stock opened at $11.63 on Friday. The firm has a market capitalization of $30.97 million, a P/E ratio of -0.14 and a beta of 0.13. The firm has a fifty day moving average of $10.31 and a 200-day moving average of $9.35. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $12.52.

American Strategic Investment (NYSE:NYC) last released 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). 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 during the quarter, compared to analysts’ expectations 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.