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 45.15% per annum.
- SBRA price at the close of November 19, 2024 was $18.57 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.91% per annum.
- SBRA 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 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: March 7, 2023
End date: November 19, 2024
a = 1.0173
b = 0.0010
s = 0.0552
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0010) – 1
= 45.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0552) – 1
= 24.71%
March 7, 2023 calculations
Top border of price channel:
Exp(Y827)
= Exp(a + b × X827 + 2 × s)
= Exp(a + b × 1,203 + 2 × s)
= Exp(1.0173 + 0.0010 × 1,203 + 2 × 0.0552)
= Exp(2.3557)
= $10.55
Bottom border of price channel:
Exp(Y827)
= Exp(a + b × X827 – 2 × s)
= Exp(a + b × 1,203 – 2 × s)
= Exp(1.0173 + 0.0010 × 1,203 – 2 × 0.0552)
= Exp(2.1349)
= $8.46
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(1.0173 + 0.0010 × 1,826 + 2 × 0.0552)
= Exp(2.9917)
= $19.92
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.0173 + 0.0010 × 1,826 – 2 × 0.0552)
= Exp(2.7708)
= $15.97
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 45.15% per annum.
- SBRA price at the close of November 19, 2024 was $18.57 and was inside the primary price channel.
Secondary Trend
Start date: April 10, 2024
End date: November 19, 2024
a = -0.4982
b = 0.0019
s = 0.0292
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0019) – 1
= 99.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0292) – 1
= 12.38%
April 10, 2024 calculations
Top border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 + 2 × s)
= Exp(a + b × 1,603 + 2 × s)
= Exp(-0.4982 + 0.0019 × 1,603 + 2 × 0.0292)
= Exp(2.6024)
= $13.50
Bottom border of price channel:
Exp(Y1,102)
= Exp(a + b × X1,102 – 2 × s)
= Exp(a + b × 1,603 – 2 × s)
= Exp(-0.4982 + 0.0019 × 1,603 – 2 × 0.0292)
= Exp(2.4857)
= $12.01
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(-0.4982 + 0.0019 × 1,826 + 2 × 0.0292)
= Exp(3.0257)
= $20.61
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(-0.4982 + 0.0019 × 1,826 – 2 × 0.0292)
= Exp(2.9089)
= $18.34
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 99.91% per annum.
- SBRA price at the close of November 19, 2024 was inside the secondary price channel.