Nicholas S. Schorsch Acquires 1,488 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,488 shares of the company’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $11.00 per share, with a total value of $16,368.00. Following the completion of the acquisition, the insider now directly owns 962,143 shares in the company, valued at approximately $10,583,573. This represents a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of NYSE NYC opened at $12.00 on Friday. The stock has a market capitalization of $31.92 million, a PE ratio of -0.14 and a beta of 0.15. The business has a fifty day moving average price of $9.29 and a two-hundred day moving average price of $9.02. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $12.52.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, meeting the consensus estimate of ($2.62). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The firm had revenue of $15.45 million during the quarter, compared to analysts’ expectations of $15.71 million. During the same period in the previous year, the firm earned ($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.