Alexandria Real Estate Equities (ARE) 2/9/10 PriceWatch Alert Could Hit 24.10% Return
Posted: Tuesday, February 09, 2010 8:36 AM EDT
By: Market Intelligence Center Staff
Alexandria Real Estate Equities (NYSE: ARE) closed yesterday at $57.37. So far the stock has hit a 52-week low of $30.33 and 52-week high of $68.24. Alexandria Real Estate Equities stock has been showing support around 55.90 and resistance in the 60.24 range. Technical indicators for the stock are Bearish and S&P gives ARE a positive 4 STAR (out of 5) buy rating. ARE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 55 covered call for a net debit in the $52.67 area. That is also the break even stock price for this trade. This covered call has a 67 day duration, provides 8.19% downside protection and a 4.42% assigned return rate for a 24.10% annualized return rate (comparison purposes only). Alexandria Real Estate Equities has a current annual dividend yield of 2.39%. [ATU-Seven Summits Research]
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