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Prologis, Samsara And More On CNBC's 'Final Trades'
Samsara, Inc. IOT | 39.70 | -4.09% |
Prologis, Inc. PLD | 130.54 | +0.28% |
Spdr Select Fund-Energy Select Sector XLE | 45.16 | -0.77% |
On CNBC's “Halftime Report Final Trades,” Brian Belski of BMO Capital Markets said Prologis, Inc. (NYSE:PLD) has a 3.7% yield. REITs are “coming back strongly,” he added.
On April 17, Prologis, reported first-quarter FY24 results. Rental revenue of $1.83 billion missed the consensus estimates of $1.87 billion. The company's average occupancy stood at 96.8%, with a leased 45.0MSF operating portfolio and a 3.1MSF development portfolio.
Liz Young of SoFi named Energy Select Sector SPDR Fund (NYSE:XLE) as her final trade.
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Joshua Brown of Ritholtz Wealth Management picked Samsara Inc. (NYSE:IOT).
On April 18, Loop Capital analyst Mark Schappel initiated coverage on Samsara with a Buy rating and announced a price target of $42. On March 7, Samsara reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates. The company posted adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. Its revenue came in at $276.3 million beating expectations of $258.306 million.
Samsara said it sees FY25 adjusted earnings of 11 cents to 13 cents per share on revenue of $1.186 billion to $1.196 billion.
Price Action:
- Prologis shares rose 2.6% to close at $104.53 on Thursday.
- Energy Select Sector SPDR Fund gained 0.6% during Thursday's session.
- Samsara shares rose 4.5% to settle at $36.82 on Thursday.
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Image generated using artificial intelligence via Midjourney.


