Boston Properties (BXP) PriceWatch Alert for November 6, 2009
Posted: Friday, November 06, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Boston Properties (NYSE: BXP) closed yesterday at $62.15. So far the stock has hit a 52-week low of $29.30 and 52-week high of $72.23. Boston Properties stock has been showing support around 59.82 and resistance in the 63.56 range. Technical indicators for the stock are Bearish and S&P gives BXP a neutral 3 STAR (out of 5) hold rating. BXP appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Jan '10 60 covered call (BXP AL) for a net debit in the $56.25 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 9.49% downside protection and a 6.67% assigned return rate for a 34.27% annualized return rate (comparison purposes only). Boston Properties has a current annual dividend yield of 3.24%. [FBB-Seven Summits Research]
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