Alexandria Real Estate Equities (ARE) 11/6/09 PriceWatch Alert Bullish Price Movement
Posted: Friday, November 06, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Alexandria Real Estate Equities (NYSE: ARE) closed yesterday at $56.53. So far the stock has hit a 52-week low of $30.33 and 52-week high of $67.53. Alexandria Real Estate Equities stock has been showing support around 54.30 and resistance in the 57.70 range. Technical indicators for the stock are Bullish and S&P gives ARE a positive 4 STAR (out of 5) buy rating. ARE appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 55 covered call (ARE AK) for a net debit in the $52.23 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 7.61% downside protection and a 5.30% assigned return rate for a 27.26% annualized return rate (comparison purposes only). Alexandria Real Estate Equities has a current annual dividend yield of 2.56%. [FBB-Seven Summits Research]
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