Liberty Property Trust (LRY) 11/11/09 PriceWatch Alert Down To $27.23 Break Even
Posted: Wednesday, November 11, 2009 8:45 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $30.13. 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 29.22 and resistance in the 31.00 range. Technical indicators for the stock are Bullish 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 30 covered call (LRY DF) for a net debit in the $27.23 area. That is also the break even stock price for this trade. This covered call has a 157 day duration, provides 9.62% downside protection and a 10.17% assigned return rate for a 23.65% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.22%. [WBA-Seven Summits Research]
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