Liberty Property Trust (LRY) 11/16/09 PriceWatch Alert Targets 27.76% Return
Posted: Monday, November 16, 2009 8:02 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) ended the last trading session at $30.87. 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 29.98 and resistance in the 31.36 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 a Jan '10 30 covered call (LRY AF) for a net debit in the $28.67 area. That is also the break even stock price for this trade. This covered call has a 61 day duration, provides 7.13% downside protection and a 4.64% assigned return rate for a 27.76% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.16%. [ABR-Seven Summits Research]
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