Janus Living (NYSE:JAN) Reaches New 1-Year High – Here’s What Happened

Janus Living, Inc. (NYSE:JAN)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as $32.83 and last traded at $32.6450, with a volume of 1,675,892 shares. The stock had previously closed at $32.02.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Janus Living from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Mizuho started coverage on shares of Janus Living in a research report on Monday, November 2nd. They issued an “outperform” rating and a $33.00 price target on the stock. Scotiabank increased their price target on shares of Janus Living from $31.00 to $33.00 and gave the stock a “sector outperform” rating in a research report on Thursday, September 17th. Jefferies Financial Group began coverage on shares of Janus Living in a research note on Tuesday, September 15th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price objective on shares of Janus Living from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.29.

Janus Living Stock Up 1.9%

The stock has a market cap of $9.52 billion and a P/E ratio of -1,634.50. The firm has a 50 day moving average price of $29.61 and a 200 day moving average price of $28.11.

Janus Living Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 18th will be paid a dividend of $0.0475 per share. The ex-dividend date is Friday, December 18th. This represents a $0.57 dividend on an annualized basis and a yield of 1.7%. Janus Living’s dividend payout ratio (DPR) is presently -2,850.00%.

Hedge Funds Weigh In On Janus Living

A number of hedge funds have recently modified their holdings of JAN. Allspring Global Investments Holdings LLC purchased a new stake in shares of Janus Living in the third quarter worth $38,077,000. Engineers Gate Manager LP purchased a new position in shares of Janus Living during the 2nd quarter valued at $15,274,000. Wellington Management Group LLP bought a new position in Janus Living in the 2nd quarter worth $8,739,000. Asset Management One Co. Ltd. boosted its holdings 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 worth $3,862,000 after buying an additional 123,336 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of Janus Living in the second quarter valued at about $2,985,000. 6.27% of the stock is currently owned by institutional investors.

Janus Living Company Profile

Janus Living, Inc. is a real estate investment trust (REIT) focused on owning and investing in senior housing communities across the United States. Its portfolio includes independent living, assisted living, memory care and skilled nursing properties, with a concentration in major retirement markets. The company partners with third-party operators to manage its communities under structures permitted by the REIT Investment Diversification and Empowerment Act of 2007 (RIDEA). Janus Living is externally managed by a subsidiary of Healthpeak Properties, Inc. and is headquartered in Denver, Colorado.