American strategic investment sees $49,736 in stock purchases

American Strategic Investment Co. (NYSE:NYC) experienced a series of stock purchases by key stakeholders, according to recent SEC filings. The transactions, which took place between March 31 and April 2, 2025, involved the acquisition of Class A common stock worth approximately $49,736. The shares were purchased at prices ranging from $11.56 to $12.16, near the current price of $11.27. The stock has shown remarkable strength, delivering an 81% return over the past year.

The purchases were made by Nicholas S. Schorsch, who holds a significant ownership stake through entities such as Bellevue Capital Partners (WA:CPAP), LLC and AR Global Investments, LLC. Following these transactions, the total number of shares owned increased to 979,701. According to InvestingPro data, the company operates with a significant debt burden and has not been profitable over the last twelve months.

These transactions highlight ongoing investor interest in American Strategic Investment, a real estate investment trust based in Newport, Rhode Island. The company, formerly known as New York City REIT , Inc., continues to draw attention from its stakeholders, reflecting confidence in its strategic direction. Trading at just 0.35 times book value, InvestingPro analysis suggests the stock may be undervalued, with 14 additional key insights available to subscribers.

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 period last year. The company also experienced an increase in its full-year net loss, which rose to $140.6 million, compared to $105.9 million in 2023. Despite these financial challenges, strategic property sales and the signing of new leases have contributed to investor confidence. American Strategic Investment announced the sale of 9 Times Square for $63.5 million, which helped improve its balance sheet by generating net proceeds of approximately $13.5 million. The company is also actively marketing additional properties, including 123 William Street and 196 Orchard, as part of its diversification strategy. In leadership developments, Nick Shor, Jr. will succeed Michael Anderson as CEO, following Anderson’s resignation. The company continues to focus on securing tenants in resilient industries and enhancing portfolio occupancy. Analysts have noted the company’s efforts to diversify beyond Manhattan real estate, which remains a focal point for future growth.

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