Healthcare Realty Trust Incorporated (HR)
Healthcare Realty Trust is a real estate investment trust that integrates the ownership, management, financing, and development of income-generating real estate primarily associated with the provision of outpatient healthcare services throughout the United States.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 142.15% per annum.
- HR price at the close of July 26, 2024 was $17.96 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.03% per annum.
- HR price at the close of July 26, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 7, 2024
End date: July 26, 2024
a = -1.5285
b = 0.0024
s = 0.0276
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 142.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0276) – 1
= 11.68%
March 7, 2024 calculations
Top border of price channel:
Exp(Y1,160)
= Exp(a + b × X1,160 + 2 × s)
= Exp(a + b × 1,683 + 2 × s)
= Exp(-1.5285 + 0.0024 × 1,683 + 2 × 0.0276)
= Exp(2.6046)
= $13.53
Bottom border of price channel:
Exp(Y1,160)
= Exp(a + b × X1,160 – 2 × s)
= Exp(a + b × 1,683 – 2 × s)
= Exp(-1.5285 + 0.0024 × 1,683 – 2 × 0.0276)
= Exp(2.4942)
= $12.11
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-1.5285 + 0.0024 × 1,824 + 2 × 0.0276)
= Exp(2.9463)
= $19.03
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-1.5285 + 0.0024 × 1,824 – 2 × 0.0276)
= Exp(2.8358)
= $17.04
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 142.15% per annum.
- HR price at the close of July 26, 2024 was $17.96 and was inside the primary price channel.
Secondary Trend
Start date: May 10, 2024
End date: July 26, 2024
a = -0.0693
b = 0.0016
s = 0.0203
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0016) – 1
= 80.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0203) – 1
= 8.44%
May 10, 2024 calculations
Top border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 + 2 × s)
= Exp(a + b × 1,747 + 2 × s)
= Exp(-0.0693 + 0.0016 × 1,747 + 2 × 0.0203)
= Exp(2.7853)
= $16.20
Bottom border of price channel:
Exp(Y1,205)
= Exp(a + b × X1,205 – 2 × s)
= Exp(a + b × 1,747 – 2 × s)
= Exp(-0.0693 + 0.0016 × 1,747 – 2 × 0.0203)
= Exp(2.7043)
= $14.94
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-0.0693 + 0.0016 × 1,824 + 2 × 0.0203)
= Exp(2.9093)
= $18.34
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-0.0693 + 0.0016 × 1,824 – 2 × 0.0203)
= Exp(2.8283)
= $16.92
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 80.03% per annum.
- HR price at the close of July 26, 2024 was inside the secondary price channel.