Liberty Property Trust (LRY) 11/5/09 PriceWatch Alert Up To 16.90% Downside Protection

Posted: Thursday, November 05, 2009 8:46 AM EDT

Liberty Property Trust (NYSE: LRY) closed yesterday at $28.41. 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 27.25 and resistance in the 30.51 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 $23.61 area. That is also the break even stock price for this trade. This covered call has a 163 day duration, provides 16.90% downside protection and a 5.89% assigned return rate for a 13.18% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.59%. [THA-Seven Summits Research]

Click Symbol For More News On: (LRY)