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 21.25% per annum.
- HR price at the close of April 29, 2025 was $15.38 and was lower than the bottom border of the primary price channel by $0.11 (0.74%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.70% per annum.
- HR price at the close of April 29, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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: September 19, 2023
End date: April 3, 2025
a = 1.9261
b = 0.0005
s = 0.0746
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 21.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0746) – 1
= 34.78%
September 19, 2023 calculations
Top border of price channel:
Exp(Y852)
= Exp(a + b × X852 + 2 × s)
= Exp(a + b × 1,237 + 2 × s)
= Exp(1.9261 + 0.0005 × 1,237 + 2 × 0.0746)
= Exp(2.7285)
= $15.31
Bottom border of price channel:
Exp(Y852)
= Exp(a + b × X852 – 2 × s)
= Exp(a + b × 1,237 – 2 × s)
= Exp(1.9261 + 0.0005 × 1,237 – 2 × 0.0746)
= Exp(2.4300)
= $11.36
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 + 2 × s)
= Exp(a + b × 1,799 + 2 × s)
= Exp(1.9261 + 0.0005 × 1,799 + 2 × 0.0746)
= Exp(3.0252)
= $20.60
Bottom border of price channel:
Exp(Y1,238)
= Exp(a + b × X1,238 – 2 × s)
= Exp(a + b × 1,799 – 2 × s)
= Exp(1.9261 + 0.0005 × 1,799 – 2 × 0.0746)
= Exp(2.7267)
= $15.28
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 21.25% per annum.
- HR price at the close of April 29, 2025 was $15.38 and was lower than the bottom border of the primary price channel by $0.11 (0.74%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 12, 2024
End date: April 29, 2025
a = 3.2381
b = -0.0002
s = 0.0297
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -8.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0297) – 1
= 12.60%
July 12, 2024 calculations
Top border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 + 2 × s)
= Exp(a + b × 1,534 + 2 × s)
= Exp(3.2381 + -0.0002 × 1,534 + 2 × 0.0297)
= Exp(2.9147)
= $18.44
Bottom border of price channel:
Exp(Y1,056)
= Exp(a + b × X1,056 – 2 × s)
= Exp(a + b × 1,534 – 2 × s)
= Exp(3.2381 + -0.0002 × 1,534 – 2 × 0.0297)
= Exp(2.7960)
= $16.38
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.2381 + -0.0002 × 1,825 + 2 × 0.0297)
= Exp(2.8421)
= $17.15
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.2381 + -0.0002 × 1,825 – 2 × 0.0297)
= Exp(2.7234)
= $15.23
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 8.70% per annum.
- HR price at the close of April 29, 2025 was inside the secondary price channel.