The stock of Optibase Ltd (NASDAQ:OBAS) hit a new 52-week high and has $16.50 target or 100.00% above today’s $8.25 share price. The 8 months bullish chart indicates low risk for the $38.37M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $16.50 price target is reached, the company will be worth $38.37 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2,930 shares traded hands. Optibase Ltd (NASDAQ:OBAS) has risen 16.03% since March 31, 2016 and is uptrending. It has outperformed by 13.50% the S&P500.
According to Zacks Investment Research, “Optibase Ltd. is involved in real-estate properties business. It holds properties in RÃ¼mlang and Geneva, Switzerland and Miami, Florida. Optibase Ltd. is headquartered in Herzliya, Israel.”
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 1.00, from 0 in 2016Q1. The ratio is positive, as 1 funds sold all Optibase Ltd shares owned while 0 reduced positions. 0 funds bought stakes while 1 increased positions. They now own 3,600 shares or 28.16% more from 2,809 shares in 2016Q1.
Creative Planning has invested 0% of its portfolio in Optibase Ltd (NASDAQ:OBAS). Morgan Stanley last reported 0% of its portfolio in the stock.
More notable recent Optibase Ltd (NASDAQ:OBAS) news were published by: Prnewswire.com which released: “Optibase Ltd. Announces $12900000 Investment In 300 South Riverside Plaza …” on December 29, 2015, also Businesswire.com with their article: “Optibase Ltd. Announces the Closing of the Acquisition of German Supermarket …” published on June 02, 2015, Businesswire.com published: “Optibase Ltd. Announces Purchase of Condominium Units in Miami Beach, FL, USA” on November 13, 2013. More interesting news about Optibase Ltd (NASDAQ:OBAS) were released by: Businesswire.com and their article: “Optibase Announces Closing of Sale of Its Video Solutions Business” published on July 01, 2010 as well as Seekingalpha.com‘s news article titled: “Israeli Stocks Traded in the US: A Complete List” with publication date: December 06, 2009.
OBAS Company Profile
Optibase Ltd., incorporated on August 7, 1990, is a real estate company. The Company, through its subsidiaries, is engaged in purchasing and operating of real estate properties for leasing and resale primarily for the purpose of commercial, industrial, office space use, as well as for residential purposes. The Firm owns holdings in several commercial real estate properties, which are leased to third parties. The Firm owns a portfolio of supermarkets located mainly in Bavaria, Germany. It also owns several real estate properties located in Philadelphia, Texas, Chicago and Miami, in the United States. The Firm owns approximately 25 residential properties in Miami and Miami Beach, Florida, including 21 luxury condominium units and two penthouse units in the Marquis Residences, one penthouse unit in Ocean One Condominium and one condominium units in the Continuum on South Beach Condominium. The Company’s subsidiaries include Optibase Inc., Optibase Real Estate Europe SARL and OPCTN S.A.
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