Janus Living (NYSE:JAN) Coverage Initiated by Analysts at Huntington Sec

Huntington Sec initiated coverage on shares of Janus Living (NYSE:JAN – Free Report) in a research note released on Monday morning,Zacks reports. The firm issued a strong-buy rating on the REIT’s stock.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Janus Living in a research report on Tuesday, September 15th. They issued a “buy” rating and a $36.00 price target for the company. Cantor Fitzgerald lifted their price target on Janus Living from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Janus Living from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Wells Fargo & Company lowered their price target on Janus Living from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, Weiss Ratings assumed coverage on Janus Living in a research note on Thursday, August 6th. They set a “hold (c-)” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.29.

Check Out Our Latest Research Report on JAN

Janus Living Price Performance

JAN stock opened at $29.60 on Monday. The company’s 50-day moving average is $29.61 and its 200-day moving average is $28.03. Janus Living has a 1 year low of $22.76 and a 1 year high of $32.83.

Janus Living (NYSE:JAN – Get Free Report) last issued its earnings results on Tuesday, August 4th. The REIT reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). The company had revenue of $216.46 million during the quarter, compared to analyst estimates of $203.32 million. Janus Living’s revenue for the quarter was up 45.4% compared to the same quarter last year. As a group, equities analysts predict that Janus Living will post 0.97 EPS for the current fiscal year.

Janus Living Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 18th will be given a dividend of $0.0475 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, December 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in shares of Janus Living during the 2nd quarter valued at $15,274,000. Wellington Management Group LLP bought a new stake in shares of Janus Living during the 2nd quarter worth $8,739,000. Asset Management One Co. Ltd. boosted its holdings in shares of Janus Living by 1,764.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 130,326 shares of the REIT’s stock worth $3,862,000 after buying an additional 123,336 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Janus Living in the 2nd quarter worth about $2,985,000. Finally, Readystate Asset Management LP bought a new position in Janus Living during the second quarter valued at about $1,724,000. Hedge funds and other institutional investors own 6.27% of the company’s stock.

Janus Living News Roundup

Here are the key news stories impacting Janus Living this week:

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Analyst Recommendations for Janus Living (NYSE:JAN)

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