UCASU target price set at $4.50 per share by Zacks Research
October 13 2021 - 9:30AM
InvestorsHub Cannabis NewsWire
Atlanta, GA -- October 13, 2021 -- InvestorsHub NewsWire --
Zacks Small-Cap Research (Zacks SCR) updated its coverage on UC
Asset (OTCQX:
UCASU), set a target price of $4.50 per share for the company.
The last trading price of UC Asset was $2.10 per share.
"UC Asset continues to diversify its real estate investment
strategies. On September 29, the Company unveiled a new strategy to
invest in land and above-ground-properties for cannabis growers.
The Company views this as a high-return, low-risk asset, where
there are few players. This new strategy joins UC Asset's current
investment activities focusing on revitalizing underinvested
properties in Atlanta and converting them to income-generating
investments," says the report.
The report also points out that, from June 2020-June 2021, the
Company grew its assets and its net equity per share by 20% without
additional financing. As of 6/30/21, UC Asset had $2.7 million in
cash on its balance sheet, compared with $0.2 million a year
earlier. The increase in cash came from sale of several
single-family residential properties in Atlanta and a parcel of
land outside Dallas in late 2020 – all above book value.
An summary article, titled "UCASU: UC Asset – Back To The
Future", has been published on Zack SCR's website, as well as on
Yahoo Finance. Links to this summary article are listed as
below.
Yahoo Finance:
https://finance.yahoo.com/news/ucasu-uc-asset-back-future-170600975.html
Zack Small-cap Research:
https://scr.zacks.com/news/news-details/2021/UCASU-UC-Asset--Back-to-the-Future-article/default.aspx
Full report can be downloaded following this link:
https://s27.q4cdn.com/906368049/files/News/2021/Zacks_SCR_Research_10122021_UCASU_Senko.pdf
About Zacks SCR
Zacks SCR is the small-cap research division of Zacks
Investment Research (ZIR)Founded in 1978 by Len Zacks, ZIR is a
popular investment service used by thousands of analysts at well
over 200 brokerages to give clients reliable investment
information. Zacks is probably known best known for their extensive
array of consensus earnings-per-share (EPS) estimates. It also runs
a quantitative stock-rating system, which is purely mathematical
and thereby not influenced by any agenda. This stock-rating system
is used by almost all major financial data and media companies
including Bloomberg, Capital IQ, Morningstar,
and the Wall Street Journal.
About UC Asset
LP
UC Asset LP is a limited partnership formed for the purpose of
investing in real estate with innovative strategies, concentrating
in metropolitan areas of Atlanta, GA. For more
information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that could cause our actual results, performance
or achievements, or industry results, to differ materially from any
these statements. You are cautioned not to place undue reliance on
any those forward-looking statements. Except as otherwise required
by the federal securities laws, we undertake no obligation to
publicly update or revise any forward-looking statements after the
date of this news release. None of such forward-looking statements
should be regarded as a representation by us or any other person
that the objectives and plans set forth in this News Release will
be achieved or be executed.
For More Information Contact:
Christal Jordan | Executive
Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297
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