Liberty Property Trust (LRY) 10/23/09 PriceWatch Alert Support At Around $29.58
Posted: Friday, October 23, 2009 8:35 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $31.04. So far the stock has hit a 52-week low of $11.83 and 52-week high of $36.18. Liberty Property Trust stock has been showing support around 29.58 and resistance in the 31.92 range. Technical indicators for the stock are Bearish and S&P gives LRY a neutral 3 STAR (out of 5) hold rating. LRY appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Dec '09 30 covered call (LRY LF) for a net debit in the $28.64 area. That is also the break even stock price for this trade. This covered call has a 57 day duration, provides 7.73% downside protection and a 4.75% assigned return rate for a 30.41% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.14%. [FBB-Seven Summits Research]
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