Nicholas S. Schorsch Acquires 1,321 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,321 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average cost of $8.87 per share, for a total transaction of $11,717.27. Following the completion of the purchase, the insider now owns 931,031 shares of the company’s stock, valued at $8,258,244.97. This trade represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 1.7 %

Shares of NYC stock traded down $0.15 during mid-day trading on Wednesday, reaching $8.84. 3,018 shares of the company’s stock traded hands, compared to its average volume of 3,444. The company’s 50-day moving average price is $8.70 and its 200-day moving average price is $8.92. The company has a market cap of $23.55 million, a P/E ratio of -0.10 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.

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.