10 Best Micro Cap Stocks to Buy Now

8. American Strategic Investment Co. (NYSE:NYC)

Market Capitalization: $27.298 million

American Strategic Investment Co. (NYSE:NYC) is a U.S.-based company that owns a portfolio of commercial real estate situated in the five boroughs of New York City, mainly Manhattan. The core offering of the company includes office properties and real estate assets accompanying those properties. With a market cap of nearly $28 million, the company also invests in retail spaces with amenities, hospitality assets, residential assets, and other property types exclusive to New York City.

Over the last few days, American Strategic Investment Co. (NYSE:NYC) witnessed a surge of purchases, with significant transactions by Nicholas S. Schorsch, a notable representative of Bellevue Capital Partners. At the same time, key developments surround the company. It recently finalized the sale of its 9 Times Square property, located in Midtown Manhattan, receiving $63.5 million in net proceeds. This transaction is a representation of the giant’s efforts to strategically expand its operations, with earnings targeted at acquiring higher-yielding assets.

American Strategic Investment Co. (NYSE:NYC) also plans to sell properties at 123 William Street and 196 Orchard in an attempt to diversify its portfolio. We can’t help but notice the company’s dedication towards asset management and value enhancement for its shareholders. And a testament to this commitment is highlighted through the rise in the stock price. The plans of the real estate powerhouse are clear, but if we go deeper, the success entirely depends on the management’s ability to follow this proactive approach.