In fiscal 1Q17, which ended on April 29, 2017, Kohl’s sales fell for the fifth consecutive quarter. In fiscal 1Q17, Kohl’s sales fell 3.2% to $3.8 billion.
We can guess about Public Storage’s (PSA) expected performance in the upcoming months of 2017 by looking at its analyst ratings.
The value of an REIT such as Public Storage (PSA) is commonly measured by using its price-to-FFO (funds from operations) multiple.
REITs such as Public Storage (PSA) distribute at least 90% of their taxable incomes to shareholders in the form of dividends and share repurchases.
Public Storage (PSA) has regularly rewarded its shareholders in the form of quarterly dividends. The company has paid a dividend in every quarter since 1981.
In a higher household income scenario, people tend to spend more on acquiring properties and need more storage space. This need boosts demand for self-storage facilities.
REITs will likely be significantly affected by rising interest rates. Rising mortgage rates will increase the cost of purchasing investment properties.
Public Storage (PSA) puts a great deal of focus on the development and redevelopment of its existing facilities. Recently, there’s been a trend of rising rent for self-storage facilities.
Self-storage facility owners such as Public Storage are expected to ride high backed by higher demand for storage, mainly due to demographic changes and higher rent.
Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.
Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.
Oracle rose on June 22 due to the earnings report. The better-than-expected earnings report for fiscal 4Q17 boosted Oracle’s stock prices.
On May 30, 2017, Intuitive Surgical (ISRG) announced that it received FDA (US Food and Drug Administration) approval of its new da Vinci X robotic surgical system.
Intuitive Surgical (ISRG) has returned approximately 48.2% YTD (year-to-date), surpassing SPY as well as the Health Care Select Sector SPDR Fund (XLV) by enormous margins.
Intuitive Surgical’s da Vinci Sp is the latest technological innovation in the company’s surgical systems.
Intuitive Surgical (ISRG) has witnessed a recent rally, and it reached an all-time high of $940.4 on June 20, 2017.
LTE subscriptions are expected to reach 5 billion by the end of 2022, up from 2.1 billion current subscriptions.
Ericsson (ERIC) generated revenues of 2 billion Swedish kronor from its Media business in 1Q17, reporting a gross margin of 31% and an operating margin of -51%.
After adjusting for restructuring charges, Ericsson may be able to double its operating margin from 6% in 2016 to 12% in 2018.
Ericsson’s mobile broadband subscriptions in 1Q17 rose 25% YoY to 240 million, bringing the overall figure to 4.6 billion.