Nicholas S. Schorsch Buys 1,467 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,467 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was purchased at an average cost of $9.41 per share, with a total value of $13,804.47. Following the acquisition, the insider now directly owns 947,442 shares in the company, valued at $8,915,429.22. This trade represents a 0.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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

NYSE NYC opened at $10.01 on Wednesday. The stock’s 50-day moving average is $8.77 and its 200-day moving average is $8.85. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $10.91. The firm has a market cap of $26.63 million, a P/E ratio of -0.12 and a beta of 0.12.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.62). The firm had revenue of $15.45 million for the quarter, compared to the consensus estimate of $15.71 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. During the same quarter last year, the business posted ($0.48) EPS.

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.