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

Rhea-AI Summary

On October 13, 2021, Zacks Small-Cap Research upgraded its coverage of UC Asset (UCASU), setting a target price of $4.50 per share, significantly higher than its last trading price of $2.10. UC Asset is diversifying investments into cannabis-related land and properties, which are considered high-return assets. From June 2020 to June 2021, the company's assets increased, and net equity per share rose by 20% without additional financing. Cash reserves grew to $2.7 million from $0.2 million the previous year, thanks to property sales above book value.

Positive

• Target price set at $4.50 per share by Zacks SCR.
• Diversification into high-return cannabis property investments.
• 20% increase in net equity per share from June 2020 to June 2021.
• Cash reserves increased to $2.7 million from $0.2 million YoY.

Negative

• None.

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
cjordan@ucasset.com | 678-499-0297

View original content:https://www.prnewswire.com/news-releases/ucasu-target-price-set-at-4-50-per-share-by-zacks-research-301398884.html

SOURCE UC Asset LP

FAQ

What is the target price for UC Asset (UCASU) set by Zacks Research?

Zacks Research set a target price of $4.50 per share for UC Asset (UCASU).

What new investment strategy did UC Asset announce?

UC Asset announced a new strategy to invest in land and properties for cannabis growers.

How much did UC Asset's net equity per share increase between June 2020 and June 2021?

UC Asset's net equity per share increased by 20% from June 2020 to June 2021.

What was UC Asset's cash reserve as of June 30, 2021?

As of June 30, 2021, UC Asset had $2.7 million in cash reserves.

Where can I find more information about UC Asset's recent activities?

Additional information can be found on Zacks SCR's website and Yahoo Finance.