Huntington Sec Initiates Coverage on Janus Living (NYSE:JAN)

Equities researchers at Huntington Sec assumed coverage on shares of Janus Living (NYSE:JAN – Get Free Report) in a research note issued to investors on Monday, Zacks reports. The brokerage set a “strong-buy” rating on the REIT’s stock.

Several other equities analysts also recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Janus Living in a research note on Tuesday, September 15th. They issued a “buy” rating and a $36.00 price objective for the company. Scotiabank boosted their target price on shares of Janus Living from $31.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Thursday, September 17th. Barclays decreased their target price on shares of Janus Living from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Huntington initiated coverage on shares of Janus Living in a report on Thursday, September 10th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Compass Point started coverage on Janus Living in a research note on Wednesday, September 16th. They issued a “neutral” rating and a $37.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.29.

Read Our Latest Stock Analysis on JAN

Janus Living Price Performance

JAN stock opened at $29.60 on Monday. Janus Living has a 12 month low of $22.76 and a 12 month high of $32.83. The firm has a 50-day moving average price of $29.61 and a 200-day moving average price of $28.03.

Janus Living (NYSE:JAN – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The REIT reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). The firm had revenue of $216.46 million for the quarter, compared to the consensus estimate of $203.32 million. The business’s quarterly revenue was up 45.4% compared to the same quarter last year. On average, analysts anticipate that Janus Living will post 0.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP acquired a new stake in Janus Living during the 2nd quarter worth approximately $15,274,000. Wellington Management Group LLP acquired a new position in Janus Living in the 2nd quarter valued at approximately $8,739,000. Asset Management One Co. Ltd. increased its position in 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 valued at $3,862,000 after acquiring an additional 123,336 shares during the period. WINTON GROUP Ltd acquired a new position in Janus Living in the 2nd quarter valued at approximately $2,985,000. Finally, Readystate Asset Management LP bought a new position in shares of Janus Living during the second quarter valued at $1,724,000. Institutional investors own 6.27% of the company’s stock.

Janus Living News Summary

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