Home Properties (HME) 2/9/10 PriceWatch Alert At $42.27 Break Even
Posted: Tuesday, February 09, 2010 8:44 AM EDT
By: Market Intelligence Center Staff
Home Properties (NYSE: HME) closed yesterday at $43.77. So far the stock has hit a 52-week low of $23.35 and 52-week high of $49.23. Home Properties stock has been showing support around 42.86 and resistance in the 45.20 range. Technical indicators for the stock are Bearish and S&P gives HME a very positive 5 STAR (out of 5) strong buy rating. HME appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 45 covered call for a net debit in the $42.27 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 3.43% downside protection and a 6.46% assigned return rate for a 35.18% annualized return rate (comparison purposes only). Home Properties has a current annual dividend yield of 6.06%. [ATU-Seven Summits Research]
CLICK HERE: FREE Home Properties (HME) Stock ReportSee what our analysts have uncovered about Home Properties (HME).