UCASU - Zacks Research Set UC Asset Target Price at $4.50 Per Unit
July 15 2020 - 2:22PM
InvestorsHub NewsWire
July 15, 2020 -- InvestorsHub NewsWire -- via Zacks
Small-Cap Research
Zacks Small-Cap Research (Zacks SCR) just released its initial
coverage on UC Asset LP (OTCQX:
UCASU), with a target price of $4.50 per unit. The last trading
price of UC Asset’s shares was $2.30 per unit.
Atlanta Skyline
"We are bullish on UC Assets commercial mortgage support
investment strategy. We think it provides a unique option for
property owners and will likely be faster and less complex than
working with the mortgage lender/bank," Says the report.
The report concludes that, for UC Asset’s new commercial
mortgage investment strategy, "average annual returns of 15-20%
over the next five years on an individual project basis are not a
stretch". The report projects a base IRR (Internal Rate of Return)
at 17%, with a strong case IRR of 25% and a weak case IRR of 12%.
In addition, appreciation in property value and/or potential share
of profits will create extra upside.
For the full report, please visit:
https://finance.yahoo.com/news/ucasu-uc-asset-lp-initiating-093000207.html
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 for development and redevelopment,
concentrating in metropolitan areas of Atlanta, GA and Dallas, TX.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200715005733/en/
Contacts
Christal Jordan | Investor Relations Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297
ZACHS also published features today on YETI,
EXPR
MRNA at https://www.zacks.com/
SOURCE: Zacks Small-Cap Research
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