Sabra Healthcare REIT Inc (SBRA)
As of September 30, 2020, Sabra's investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 skilled nursing / transitional care facilities, (ii) 64 senior housing communities (?
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 37.62% per annum.
- SBRA price at the close of July 26, 2024 was $16.59 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 293.68% per annum.
- SBRA 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 SBRA 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: February 28, 2023
End date: July 26, 2024
a = 1.1571
b = 0.0009
s = 0.0508
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0009) – 1
= 37.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0508) – 1
= 22.55%
February 28, 2023 calculations
Top border of price channel:
Exp(Y903)
= Exp(a + b × X903 + 2 × s)
= Exp(a + b × 1,310 + 2 × s)
= Exp(1.1571 + 0.0009 × 1,310 + 2 × 0.0508)
= Exp(2.4049)
= $11.08
Bottom border of price channel:
Exp(Y903)
= Exp(a + b × X903 – 2 × s)
= Exp(a + b × 1,310 – 2 × s)
= Exp(1.1571 + 0.0009 × 1,310 – 2 × 0.0508)
= Exp(2.2015)
= $9.04
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(1.1571 + 0.0009 × 1,824 + 2 × 0.0508)
= Exp(2.8546)
= $17.37
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.1571 + 0.0009 × 1,824 – 2 × 0.0508)
= Exp(2.6512)
= $14.17
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 37.62% per annum.
- SBRA price at the close of July 26, 2024 was $16.59 and was inside the primary price channel.
Secondary Trend
Start date: June 7, 2024
End date: July 26, 2024
a = -4.0323
b = 0.0038
s = 0.0139
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0038) – 1
= 293.68%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0139) – 1
= 5.74%
June 7, 2024 calculations
Top border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(-4.0323 + 0.0038 × 1,775 + 2 × 0.0139)
= Exp(2.6598)
= $14.29
Bottom border of price channel:
Exp(Y1,224)
= Exp(a + b × X1,224 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(-4.0323 + 0.0038 × 1,775 – 2 × 0.0139)
= Exp(2.6040)
= $13.52
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(-4.0323 + 0.0038 × 1,824 + 2 × 0.0139)
= Exp(2.8438)
= $17.18
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-4.0323 + 0.0038 × 1,824 – 2 × 0.0139)
= Exp(2.7880)
= $16.25
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 293.68% per annum.
- SBRA price at the close of July 26, 2024 was inside the secondary price channel.