Janus Living (NYSE:JAN) Stock Gets Price Target Trim from Cantor Fitzgerald

Janus Living (NYSE:JAN – Get Free Report) had its target price decreased by stock analysts at Cantor Fitzgerald from $34.00 to $33.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the REIT’s stock. Cantor Fitzgerald‘s price objective points to a potential upside of 11.47% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Janus Living from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Barclays dropped their target price on shares of Janus Living from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Compass Point initiated coverage on shares of Janus Living in a research note on Wednesday, September 16th. They issued a “neutral” rating and a $37.00 target price on the stock. Weiss Ratings assumed coverage on shares of Janus Living in a research report on Thursday, August 6th. They set a “hold (c-)” rating on the stock. Finally, Mizuho initiated coverage on Janus Living in a research note on Monday. They issued an “outperform” rating and a $33.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Janus Living currently has an average rating of “Moderate Buy” and a consensus target price of $32.29.

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Janus Living Trading Up 4.1%

Janus Living stock opened at $29.60 on Wednesday. Janus Living has a 52 week low of $22.76 and a 52 week high of $32.83. The stock has a 50 day moving average of $29.61 and a 200-day moving average of $28.03.

Janus Living (NYSE:JAN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The REIT reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). The company had revenue of $216.46 million for the quarter, compared to analyst estimates of $203.32 million. Janus Living’s revenue for the quarter was up 45.4% on a year-over-year basis. On average, analysts forecast that Janus Living will post 0.97 earnings per share for the current year.

Institutional Trading of Janus Living

Several institutional investors have recently added to or reduced their stakes in JAN. Engineers Gate Manager LP bought a new position in shares of Janus Living in the 2nd quarter worth about $15,274,000. Wellington Management Group LLP acquired a new position in shares of Janus Living in the 2nd quarter valued at about $8,739,000. Asset Management One Co. Ltd. grew its position in shares of Janus Living by 1,764.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 130,326 shares of the REIT’s stock valued at $3,862,000 after buying an additional 123,336 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Janus Living during the 2nd quarter valued at about $2,985,000. Finally, Readystate Asset Management LP acquired a new stake in Janus Living during the second quarter worth about $1,724,000. Institutional investors own 6.27% of the company’s stock.

Janus Living News Summary

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