Janus Living (NYSE:JAN) Price Target Cut to $33.00 by Analysts at Cantor Fitzgerald

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

Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Janus Living from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Mizuho began coverage on Janus Living in a report on Monday. They issued an “outperform” rating and a $33.00 price target for the company. Jefferies Financial Group started coverage on Janus Living in a research report on Tuesday, September 15th. They issued a “buy” rating and a $36.00 price objective on the stock. Huntington assumed coverage on Janus Living in a research note on Thursday, September 10th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Janus Living currently has an average rating of “Moderate Buy” and an average price target of $32.29.

Read Our Latest Analysis on Janus Living

Janus Living Stock Up 4.1%

Shares of JAN stock opened at $29.60 on Wednesday. Janus Living has a fifty-two week low of $22.76 and a fifty-two week high of $32.83. The firm’s 50 day moving average price is $29.61 and its two-hundred day moving average price is $28.03.

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

Institutional Investors Weigh In On Janus Living

A number of large investors have recently added to or reduced their stakes in JAN. Nisa Investment Advisors LLC purchased a new stake in Janus Living during the 3rd quarter worth $27,000. State of Wyoming lifted its holdings in Janus Living by 258.7% in the 3rd quarter. State of Wyoming now owns 4,814 shares of the REIT’s stock worth $143,000 after buying an additional 3,472 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in Janus Living in the 3rd quarter valued at about $344,000. Inspire Investing LLC purchased a new position in Janus Living in the 3rd quarter valued at about $484,000. Finally, Greenland Capital Management LP purchased a new position in Janus Living in the 2nd quarter valued at about $575,000. 6.27% of the stock is owned by institutional investors and hedge funds.

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