KIM

Moving with its group (XLRE +1.2%)

• KIM +1.67% on the last session vs SPY +0.10%: +1.6 pts of stock-specific move.
• The real estate ETF (XLRE) +1.2% (+1.1 pts vs SPY): the stock moved with its group.
• Aftermath, big gain (+1.7% today so far, past its big-gain line of +1.5%): After its 52 big gains in the past 5 years, KIM was higher a month later 30 times out of 52; half the outcomes fell between -3.0% and +5.1%. History, not a forecast.
• 1 analyst action in the past 10 days (0 positive, 1 negative); latest: UBS maintained Buy, lowered target $29.00 → $25.00.
• Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.