Liberty Property Trust (LRY) 10/29/09 PriceWatch Alert Up To 15.51% Downside Protection
Posted: Thursday, October 29, 2009 8:44 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $28.36. 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 27.63 and resistance in the 29.69 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 an Apr '10 25 covered call (LRY 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 170 day duration, provides 15.51% downside protection and a 4.34% assigned return rate for a 9.32% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.16%. [THA-Seven Summits Research]
CLICK HERE: FREE Liberty Property Trust (LRY) Stock ReportSee what our analysts have uncovered about Liberty Property Trust (LRY).