Rochester, NY 8/19/2009 4:51:59 PM
Capital Trust, Inc. CT ,Stocks are Bullish and S&P gives PRE a neutral 3 STAR (out of 5)
Capital Trust, Inc.
The Company of Capital Trust, Inc. CT Partner Re Capital Trust I (NYSE: PRE) closed yesterday at $73.25. So far the stock has hit a 52-week low of $47.70 and 52-week high of $76.96. Partner Re Capital Trust I stock markets has been showing support around 72.10 and resistance in the 74.26 range. Technical indicators for the stock are Bullish and S&P gives PRE a neutral 3 STAR (out of 5) hold rating. PRE show the shareholder Observer Momentum Plays list.
For a hedged play on this stock, look at a Nov '09 70 covered calls (PRE KN) for a net debit in the $68.15 area. That is also the break even stock worth for this trade. This covered call has 96 day duration, provides 6.96% downside protection and a 2.71% assigned return rate for a 10.32% annualized return rate (comparison purposes only). Partner Re Capital Trust I has a up to date annual dividend yield of 2.60%.
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