American strategic investment co. (NYC) acquired shares worth $35549

American Strategic Investment Co. (NYC), a small-cap company with a market capitalization of $31 million, saw several purchases of Class A common stock between June 20 and June 24, 2025. The stock has shown strong momentum, gaining 22% in the past week and 32% year-to-date.

Entities and persons related to Nicholas S. Schorsch acquired shares of American Strategic Investment Co. (NYC) in a series of transactions. On June 20, 2025, a total of 611 shares were purchased, with 440 shares bought at a weighted average price ranging from $9.02 to $9.88, and 171 shares at $10.48 each. On June 23, 2025, 1279 shares were purchased at a weighted average price ranging from $10.77 to $11.65. Another 1279 shares were acquired on June 24, 2025, at a weighted average price ranging from $11.25 to $11.80. The total value of shares acquired through these transactions is $35549, with prices ranging from $9.69 to $11.65. According to InvestingPro analysis, the stock currently trades at a low Price/Book multiple of 0.38x and appears undervalued based on Fair Value estimates.

Following these transactions, the number of shares owned following transaction is 1006177. Additionally, Mr. Nicholas S. Schorsch solely owns 26559 shares of Class A common stock. The stock currently trades at $11.23, with 14 additional key insights available on InvestingPro.

In other recent news, American Strategic Investment Company reported a revenue decline for the first quarter of 2025, with earnings dropping to $12.3 million from $15.5 million in the same period last year. The company also recorded a GAAP net loss of $8.6 million, an increase from the $7.6 million loss reported in the first quarter of 2024. Despite these financial challenges, American Strategic Investment is pursuing strategic initiatives, including marketing two properties for sale to reduce leverage and diversify its portfolio. The company’s occupancy rates have improved by 120 basis points to 82%, which may provide some stability amid broader market challenges. American Strategic Investment’s focus on divesting select Manhattan assets is part of a strategy to pursue more profitable ventures and enhance shareholder value. The company is actively engaged in leasing activities and expects to close additional deals in the second quarter. The upcoming virtual annual shareholders meeting on May 29, 2025, will likely offer further insights into these strategic moves.

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