American strategic investment co. sees $41,974 stock purchase by major stakeholder

American Strategic Investment Co. (NYSE:NYC), currently trading at $10.73 and identified as undervalued by InvestingPro analysis, has seen significant activity from its major stakeholder, Nicholas S. Schorsch, through his association with Bellevue Capital Partners (WA:CPAP), LLC. According to the latest SEC filings, Schorsch acquired a total of 4,004 shares of Class A common stock between March 21 and March 25, 2025. The transactions were executed at prices ranging from $10.13 to $10.77 per share, amounting to an aggregate purchase value of $41,974.

Schorsch, who is a ten percent owner of the company, conducted these transactions indirectly through Bellevue Capital Partners and related entities. Following these acquisitions, the total shares owned by Schorsch and his affiliates increased to 972,099 shares.

This activity underscores Schorsch’s continued investment in American Strategic Investment Co., which operates as a real estate investment trust with a market capitalization of $28.35 million. The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, highlighting Schorsch’s strategic financial maneuvers in the company’s stock. For deeper insights into NYC’s valuation and 15 additional key ProTips, visit InvestingPro.

In other recent news, American Strategic Investment Co. reported its fourth-quarter 2024 earnings, revealing a decrease in revenue to $14.9 million from $15.4 million in the same quarter of the previous year. The company’s full-year net loss increased to $140.6 million, up from $105.9 million in 2023. Despite these financial challenges, strategic property sales and new leases have bolstered investor confidence. The company is actively pursuing diversification beyond Manhattan real estate, which includes the sale of properties like 9 Times Square. Additionally, the company announced a transition in leadership, with Nick Shor, Jr. set to succeed Michael Anderson as CEO. The leadership change comes at a time when the company is focusing on building a pipeline of new and renewal leases to enhance portfolio occupancy. Analyst firms have noted these strategic efforts, which are aimed at optimizing assets and exploring income-generating investments. These recent developments reflect American Strategic Investment Co.’s ongoing efforts to navigate the competitive real estate market.

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