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 purchased 1,697 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $9.20 per share, for a total transaction of $15,612.40. Following the completion of the acquisition, the insider now directly owns 940,884 shares of the company’s stock, valued at $8,656,132.80. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 American Strategic Investment stock opened at $8.98 on Friday. The stock has a fifty day moving average price of $8.74 and a 200-day moving average price of $8.87. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $10.91.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, hitting 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 business had revenue of $15.45 million for the quarter, compared to analyst estimates of $15.71 million. During the same quarter in the previous year, the firm posted ($0.48) earnings per share.

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.