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Nicholas S. Schorsch, a significant investor in American Strategic Investment Co. (NYSE:NYC), has increased his stake in the company through a series of transactions. According to a recent SEC filing, Schorsch acquired a total of 5,141 shares of Class A common stock over three days, from April 11 to April 15, 2025. The purchases were made at prices ranging from $11.98 to $13.40 per share, totaling approximately $63,796. The timing appears strategic, as InvestingPro data shows NYC stock has delivered impressive returns of +104.58% over the past year and trades at just 0.37 times book value.
The transactions were conducted through various entities associated with Schorsch, including Bellevue Capital Partners (WA:CPAP), LLC and AR Global Investments, LLC. Following these acquisitions, Schorsch holds a total of 994,292 shares indirectly through these entities, in addition to 26,559 shares held directly. With the company’s current market capitalization of $34.15 million, InvestingPro analysis suggests the stock is currently undervalued, though it maintains a "FAIR" overall financial health rating.
These purchases reflect ongoing interest and confidence in American Strategic Investment Co., which operates as a Real Estate Investment Trust (REIT). The company’s stock is traded on the New York Stock Exchange under the ticker symbol NYC. For deeper insights into NYC’s valuation and performance metrics, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
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 the previous year. The company also experienced an increase in its full-year net loss to $140.6 million, up from $105.9 million in 2023. Despite these financial challenges, the company’s strategic property sales and new leases have maintained investor interest. A notable development is the transition in leadership, with Nick Shor, Jr. set to succeed Michael Anderson as CEO. The company has been focusing on diversifying beyond Manhattan real estate, which has been crucial in sustaining investor confidence. Furthermore, American Strategic Investment Co. has been actively building a pipeline of new and renewal leases to enhance portfolio occupancy. The company’s efforts to secure tenants from resilient industries, such as financial services and medical institutions, have been highlighted as part of their strategic initiatives. The firm’s strategic direction includes exploring additional income-generating investments and strategic asset sales to optimize their portfolio.
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