American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Acquires 1,403 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,403 shares of American Strategic Investment stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of $12.16 per share, with a total value of $17,060.48. Following the completion of the transaction, the insider now directly owns 976,895 shares in the company, valued at approximately $11,879,043.20. This trade represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 3.2 %

American Strategic Investment stock opened at $11.74 on Thursday. The business’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $9.41. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $12.52. The company has a market cap of $30.92 million, a price-to-earnings ratio of -0.14 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $14.89 million for 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.