Health Care REIT (HCN) 2/9/10 PriceWatch Alert Targets 17.84% Return
Posted: Tuesday, February 09, 2010 8:39 AM EDT
By: Market Intelligence Center Staff
Health Care REIT (NYSE: HCN) closed yesterday at $40.26. So far the stock has hit a 52-week low of $25.86 and 52-week high of $46.74. Health Care REIT stock has been showing support around 39.59 and resistance in the 41.45 range. Technical indicators for the stock are Bearish and S&P gives HCN a neutral 3 STAR (out of 5) hold rating. HCN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jun '10 40 covered call for a net debit in the $37.61 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 6.58% downside protection and a 6.35% assigned return rate for a 17.84% annualized return rate (comparison purposes only). Health Care REIT has a current annual dividend yield of 6.73%. [ATU-Seven Summits Research]
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