Vornado Realty Trust (VNO) PriceWatch Alert for November 5, 2009
Posted: Thursday, November 05, 2009 8:44 AM EDT
Vornado Realty Trust (NYSE: VNO) closed yesterday at $60.29. So far the stock has hit a 52-week low of $27.01 and 52-week high of $73.92. Vornado Realty Trust stock has been showing support around 58.17 and resistance in the 64.21 range. Technical indicators for the stock are Bullish and S&P gives VNO a neutral 3 STAR (out of 5) hold rating. VNO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 60 covered call (VNO AL) for a net debit in the $55.39 area. That is also the break even stock price for this trade. This covered call has a 72 day duration, provides 8.13% downside protection and an 8.32% assigned return rate for a 42.19% annualized return rate (comparison purposes only). Vornado Realty Trust has a current annual dividend yield of 1.58%. [THA-Seven Summits Research]
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