American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Acquires 1,467 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,467 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $9.41 per share, for a total transaction of $13,804.47. Following the completion of the purchase, the insider now owns 947,442 shares of the company’s stock, valued at approximately $8,915,429.22. This represents a 0.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

American Strategic Investment stock opened at $9.64 on Tuesday. The company has a market cap of $25.64 million, a P/E ratio of -0.11 and a beta of 0.12. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $10.91. The business has a fifty day moving average of $8.75 and a two-hundred day moving average of $8.85.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, meeting the consensus estimate of ($2.62). 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 $15.45 million during the quarter, compared to analysts’ expectations of $15.71 million. During the same quarter last year, the business earned ($0.48) earnings per share.

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.