Nicholas S. Schorsch Acquires 1,697 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,697 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average cost of $9.20 per share, with a total value of $15,612.40. Following the completion of the transaction, the insider now owns 940,884 shares in the company, valued at $8,656,132.80. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Performance

NYSE NYC traded up $0.14 on Thursday, reaching $9.13. 4,133 shares of the stock traded hands, compared to its average volume of 5,224. The company has a fifty day moving average price of $8.73 and a 200-day moving average price of $8.88. The company has a market cap of $24.29 million, a price-to-earnings ratio of -0.11 and a beta of 0.12. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $10.91.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, hitting the consensus estimate of ($2.62). The firm had revenue of $15.45 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.48) EPS.

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.