Jan 08, 2013 (Marketintelligencecenter.com via COMTEX) -- PS Business Parks Inc. (NYSE:PSB) closed Monday's trading session at $67.10. In the past year, the stock has hit a 52-week low of $56.30 and 52-week high of $71.72. PS Business Parks (PSB) stock has been showing support around $66.65 and resistance in the $67.45 range. Technical indicators for the stock are Bullish and S&P gives PS Business Parks (PSB) a positive 4 STARS (out of 5) buy rating. For a hedged play on PS Business Parks (PSB), look at the Apr '13 $65.00 covered call for a net debit in the $63.20 area. That is also the break-even stock price for this trade. This covered call has a duration of 102 days, provides 5.81% downside protection and an assigned return rate of 2.85% for an annualized return rate of 10.19% (for comparison purposes only). PS Business Parks (PSB) has a current annual dividend yield of 2.66%.
(C) Copyright 2013, Marketintelligencecenter.com. All rights reserved.