Health Care REIT (HCN) 11/20/09 PriceWatch Alert Up To 9.73% Return
Posted: Friday, November 20, 2009 8:39 AM EDT
By: Market Intelligence Center Staff
Health Care REIT (NYSE: HCN) closed yesterday at $43.76. So far the stock has hit a 52-week low of $25.86 and 52-week high of $45.74. Health Care REIT stock has been showing support around 43.26 and resistance in the 44.38 range. Technical indicators for the stock are Bullish and S&P gives HCN a neutral 3 STAR (out of 5) hold rating. HCN appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 40 covered call (HCN CH) for a net debit in the $38.76 area. That is also the break even stock price for this trade. This covered call has a 120 day duration, provides 11.43% downside protection and a 3.20% assigned return rate for a 9.73% annualized return rate (comparison purposes only). Health Care REIT has a current annual dividend yield of 6.29%. [FBB-Seven Summits Research]
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