Nicholas S. Schorsch Acquires 1,740 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,740 shares of the stock in a transaction dated Wednesday, April 16th. The shares were purchased at an average price of $11.44 per share, for a total transaction of $19,905.60. Following the purchase, the insider now owns 996,032 shares of the company’s stock, valued at $11,394,606.08. This trade represents a 0.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large 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 Stock Performance

Shares of American Strategic Investment stock opened at $11.70 on Friday. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $13.59. The firm has a 50-day moving average of $10.88 and a 200-day moving average of $9.64. The stock has a market cap of $30.82 million, a PE ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share 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 analyst estimates 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.