Liberty Property Trust (LRY) 11/20/09 PriceWatch Alert With $27.39 Break Even
Posted: Friday, November 20, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
Liberty Property Trust (NYSE: LRY) closed yesterday at $30.69. 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 30.09 and resistance in the 31.69 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 $27.39 area. That is also the break even stock price for this trade. This covered call has a 148 day duration, provides 10.75% downside protection and a 9.53% assigned return rate for a 23.50% annualized return rate (comparison purposes only). Liberty Property Trust has a current annual dividend yield of 6.17%. [FBB-Seven Summits Research]
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