US Strategic Investments sees investor buying a total of $14,032 By Investing.com

American Strategic Investments Company (NYSE:NYC), which is currently trading at a highly discounted price to price/book ratio of 0.25, has recently seen some insider buying activity by Nicholas S. Schorsch and related parties. The transaction, reported on December 23rd and 24th, included the purchase of 1,626 shares of Class A common stock, valued at approximately $14,032. The shares were held in an average price range of $8.55 to $8.71 per share. As he says Invest Pro Analysis, the stock looks undervalued based on the Fair Value estimates.

Major shareholder Nicholas S. Schorsch made these transactions through entities under his control, including Bellevue. Capital partners (WA:), LLC. The purchases increase the total number of shares held by Schorsch and its affiliates to 919,994. Looking for deeper insights into internal trading patterns and overall financial analysis? Invest Pro Subscribers get detailed insider trading information and 10+ additional protips for NYC.

These transactions were previously conducted by New York City REIT, Inc. They show continued interest in the American strategic investment company known as Although the company has sufficient liquidity at the current ratio of 1.5, it operates under heavy debt burden Invest Pro Data. The company operates in the Real Estate Investment Trust sector, headquartered in Newport, Rhode Island.

In other recent news, the American strategic investment company reported an increase in net operating income in cash and an occupancy rate of 85.8% in third quarter earnings by 2024. This was primarily due to non-financial impairments and a decline in revenue from $16 million to $15.4 million in the same quarter. In the year In an impressive development in 2023, American Strategic Investments completed the sale of the 9 Times Square property for a total purchase price of $63.5 million, a move seen as part of the company’s strategic plan to improve its portfolio. The company is actively marketing properties for sale at 123 William Street and 196 Orchard. These recent developments reflect American Strategic Investments’ focus on long-term value creation through strategic portfolio management and asset exploitation, and plans to invest the proceeds of these sales in high-yielding assets outside of New York City.

This article was created by AI Support and reviewed by an editor. See our T&C for more information.