Health Care Property Investors (HCP) 10/22/09 PriceWatch Alert Up To 8.95% Return

Posted: Thursday, October 22, 2009 8:32 AM EDT

Health Care Property Investors (NYSE: HCP) closed yesterday at $29.56. So far the stock has hit a 52-week low of $14.26 and 52-week high of $31.42. Health Care Property Investors stock has been showing support around 28.90 and resistance in the 30.84 range. Technical indicators for the stock are Bullish and S&P gives HCP a neutral 3 STAR (out of 5) hold rating. HCP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 25 covered call (HCP DE) for a net debit in the $23.96 area. That is also the break even stock price for this trade. This covered call has a 177 day duration, provides 18.94% downside protection and a 4.34% assigned return rate for an 8.95% annualized return rate (comparison purposes only). Health Care Property Investors has a current annual dividend yield of 5.97%. [THA-Seven Summits Research]

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