Liberty Property Trust (LRY) 11/6/09 PriceWatch Alert Could Hit 9.88% Return

Posted: Friday, November 06, 2009 8:31 AM EDT

Liberty Property Trust (NYSE: LRY) closed yesterday at $28.95. 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 28.14 and resistance in the 29.72 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 $23.95 area. That is also the break even stock price for this trade. This covered call has a 162 day duration, provides 17.27% downside protection and a 4.38% assigned return rate for a 9.88% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.48%. [FBB-Seven Summits Research]

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