UCASU target PPS set at $4.50 by Zacks Small-Cap Research, highlighting Airbnb-based new business plan
20 October 2020 - 12:30AM
InvestorsHub NewsWire
October 19, 2020 -- InvestorsHub NewsWire -- Zacks SCR, the
small-cap research arm of Zacks Investment Research, sets their
target price for UC Asset (OTCQX:
UCASU) at $4.50 per unit, in its most recent report published
on Oct 15, 2020.
In this report, Zack SCR highlights UCASU's recently announced
business plan to revitalize clusters of distressed residential
properties in neighborhoods in close proximity to major airports,
renovate them into cost- efficient home offices, and market them as
shared accommodation on platforms such as Airbnb. The Company
refers to this as SHOC (shared home office cluster). The report
states that "UC Asset has successfully invested in individual
residential properties near Atlanta s airport. The SHOC strategy is
more comprehensive and its success will likely require buy-in from
community stakeholders and local boards. We believe the timing is
good for starting these discussions and we look forward to
additional details before we add this to our forecasts."
UCASU shares closed at $1.50 per unit on the last trading day.
Full text of the report can be accessed using the following web
link:
https://s1.q4cdn.com/460208960/files/News/2020/Zacks_SCR_Research_10152020_UCASU_Senko.pdf
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.
For
More Information Contact:
Christal
Jordan | Investor Relations Director, UC Asset LP
cjordan@ucasset.com | 678-499-0297
UC Asset Limited Partner... (QB) (USOTC:UCASU)
Historical Stock Chart
From Apr 2024 to May 2024
UC Asset Limited Partner... (QB) (USOTC:UCASU)
Historical Stock Chart
From May 2023 to May 2024