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Kansas City Southern

The railway transportation company reported first-quarter net income on April 24 of $75 million, or 68 cents a share, up from year-earlier earnings of $64 million, or 58 cents a share.

"We are lowering our 2012 and 2013 EPS estimates 6% and 5%, to $3.28 and $4.10, from $3.50 and $4.30, respectively, due to lower 2Q coal and chemical volume trends," Bank of America Merrill Lynch analysts wrote in a May 29 report. "We are also lowering our price objective to $74 from $81, based on a 22.5x forward P/E on our 2012E EPS (from 23x), which equates to 18x our 2013 estimate, within its 13-28x forward PE range. With 5 weeks left in 2Q, we believe volumes are unlikely to recover given its utility customer has extended its target to resume coal deliveries to the end of May, its 5th delay (represents 2 of KSU's 9 served plants)."

Forward Annual Dividend Yield: 1.2%


Prologis

The real estate investment trust reported first-quarter earnings on May 1 of $202.4 million, or 44 cents a share, a reversal from a year-earlier loss of $46.6 million, or 18 cents a share.

"We are increasing our price target on PLD to $38.50 from $37.00 following 1Q:12 results," Cantor Fitzgerald analysts wrote in a May 15 report. "The increase is primarily due to our increased NAV calculation to $35.00 from $32.00, due primarily to a higher future development pipeline valuation. Additionally, it is important to note we are reducing our applied premium to 10% from 15% due to the continued uncertainty in Europe."

Forward Annual Dividend Yield: 3.6%

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