Zacks Research Set UC Asset (UCASU) Target Price at $4.50 Per Unit
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.
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Atlanta Skyline for UC Asset (Photo: Business Wire)
"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.
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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 (News - Alert), 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
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