Liberty Property Trust (LRY) PriceWatch Alert for November 17, 2009
Posted: Tuesday, November 17, 2009 8:11 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $31.18. 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 30.48 and resistance in the 31.96 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 $28.78 area. That is also the break even stock price for this trade. This covered call has a 60 day duration, provides 7.70% downside protection and a 4.24% assigned return rate for a 25.79% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.30%. [ATU-Seven Summits Research]
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