Could the 4.43% gain in OGCP lead to a breakout past 7.45?
$Empire State Realty OP LP(OGCP)$
Empire State Realty OP LP (OGCP) Gains +4.43%: Consolidation at $6.60 Signals Rebound Attempt
Latest Close Data
As of Feb 5, 2026, OGCP closed at $6.60, up +4.43% ($0.28). The stock is trading 30.2% below its 52-week high of $9.45.
Core Market Drivers
The stock's movement appears driven by technical positioning and potential interest in its dividend yield of 2.12%.
No major company-specific news was reported, with the price action likely reflecting a technical bounce from recent support levels.
Technical Analysis
-
Volume was extremely light at 628 shares (Volume Ratio: 0.24), indicating a lack of broad conviction.
-
The MACD (DIF: 0.018, DEA: -0.020, MACD: 0.075) shows a bullish crossover, suggesting positive short-term momentum is building.
-
The RSI(6) at 59.6 and RSI(12) at 56.1 are in neutral territory, leaving room for further upside without being overbought.
Key Price Levels
-
Primary Support: $6.25 (recent pivot low)
-
Strong Resistance: $7.45 (key overhead supply zone)
-
Immediate Pivot: $6.60 (today's consolidation point)
Valuation Perspective
OGCP trades at a P/E of 32.99, which is high relative to its modest growth profile (ROE: 3.35%).
The Price-to-Sales ratio of 2.38 and Price-to-Book of 1.03 suggest the market is pricing in expectations for the underlying real estate portfolio.
Analyst Targets
No specific analyst target data was provided in the dataset. Sentiment may be inferred from institutional holdings, which include firms like Susquehanna International Group.
Weekly Outlook
Expect consolidation between $6.25 and $6.80 in the near term. A decisive break above $6.80 could target the $7.00-$7.20 zone, while a failure to hold $6.25 may lead to a retest of the 52-week low near $5.79.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
