Liberty Property Trust (LRY) Jumps 3% And Shows Up On Investors Observer Hedged Dividend Income List
Posted: Thursday, November 19, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $31.75. 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 30.33 and resistance in the 32.57 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 $28.05 area. That is also the break even stock price for this trade. This covered call has a 149 day duration, provides 11.65% downside protection and a 6.95% assigned return rate for a 17.03% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.09%. [THA-Seven Summits Research]
CLICK HERE: FREE Liberty Property Trust (LRY) Stock ReportSee what our analysts have uncovered about Liberty Property Trust (LRY).