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 97.10% per annum.
- HR price at the close of November 19, 2024 was $17.66 and was lower than the bottom border of the primary price channel by $1.70 (8.79%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.77% per annum.
- HR price at the close of November 19, 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: February 16, 2024
End date: September 27, 2024
a = -0.3655
b = 0.0019
s = 0.0328
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 97.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0328) – 1
= 14.03%
February 16, 2024 calculations
Top border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 + 2 × s)
= Exp(a + b × 1,549 + 2 × s)
= Exp(-0.3655 + 0.0019 × 1,549 + 2 × 0.0328)
= Exp(2.5797)
= $13.19
Bottom border of price channel:
Exp(Y1,066)
= Exp(a + b × X1,066 – 2 × s)
= Exp(a + b × 1,549 – 2 × s)
= Exp(-0.3655 + 0.0019 × 1,549 – 2 × 0.0328)
= Exp(2.4483)
= $11.57
September 27, 2024 calculations
Top border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 + 2 × s)
= Exp(a + b × 1,773 + 2 × s)
= Exp(-0.3655 + 0.0019 × 1,773 + 2 × 0.0328)
= Exp(2.9961)
= $20.01
Bottom border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 – 2 × s)
= Exp(a + b × 1,773 – 2 × s)
= Exp(-0.3655 + 0.0019 × 1,773 – 2 × 0.0328)
= Exp(2.8647)
= $17.54
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 97.10% per annum.
- HR price at the close of November 19, 2024 was $17.66 and was lower than the bottom border of the primary price channel by $1.70 (8.79%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 11, 2024
End date: November 19, 2024
a = 2.5855
b = 0.0002
s = 0.0206
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 5.77%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0206) – 1
= 8.59%
July 11, 2024 calculations
Top border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 + 2 × s)
= Exp(a + b × 1,695 + 2 × s)
= Exp(2.5855 + 0.0002 × 1,695 + 2 × 0.0206)
= Exp(2.8871)
= $17.94
Bottom border of price channel:
Exp(Y1,165)
= Exp(a + b × X1,165 – 2 × s)
= Exp(a + b × 1,695 – 2 × s)
= Exp(2.5855 + 0.0002 × 1,695 – 2 × 0.0206)
= Exp(2.8047)
= $16.52
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(2.5855 + 0.0002 × 1,826 + 2 × 0.0206)
= Exp(2.9072)
= $18.31
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(2.5855 + 0.0002 × 1,826 – 2 × 0.0206)
= Exp(2.8248)
= $16.86
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 5.77% per annum.
- HR price at the close of November 19, 2024 was inside the secondary price channel.