UCASU Target Price Set at $4.50 Per Share by Zacks Research

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Oct 13, 2021, 09:30 ET

ATLANTA, Oct. 13, 2021 /PRNewswire/ -- 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 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
[email protected] | 678-499-0297

SOURCE UC Asset LP