Liberty Property Trust (LRY) PriceWatch Alert for October 26, 2009

Posted: Monday, October 26, 2009 8:02 AM EDT

Liberty Property Trust (NYSE: LRY) ended the last trading session at $30.72. 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 30.08 and resistance in the 31.62 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 Jan '10 30 covered call (LRY AF) for a net debit in the $28.22 area. That is also the break even stock price for this trade. This covered call has an 82 day duration, provides 8.14% downside protection and a 6.31% assigned return rate for a 28.08% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.24%. [ABR-Seven Summits Research]

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