Allspring Global Investments Holdings LLC Acquires 1,324,861 Shares of Janus Living, Inc. $JAN

Key Points

• Allspring Global Investments initiated a Janus Living position, buying 1,324,861 shares worth about $38.1 million, or roughly 0.45% of the REIT.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $32.29; recent target adjustments generally landed at $33, while one service downgraded the stock to sell.
• Janus Living declared a monthly dividend of $0.0475 per share, equivalent to $0.57 annually and a stated yield of 1.8%.

Allspring Global Investments Holdings LLC purchased a new position in shares of Janus Living, Inc. (NYSE:JAN - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,324,861 shares of the REIT's stock, valued at approximately $38,077,000. Allspring Global Investments Holdings LLC owned about 0.45% of Janus Living at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of JAN. Nisa Investment Advisors LLC acquired a new position in Janus Living in the third quarter valued at about $27,000. State of Wyoming raised its position in shares of Janus Living by 258.7% during the third quarter. State of Wyoming now owns 4,814 shares of the REIT's stock worth $143,000 after purchasing an additional 3,472 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of Janus Living during the 3rd quarter valued at about $344,000. State of Alaska Department of Revenue lifted its holdings in shares of Janus Living by 57.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 36,557 shares of the REIT's stock valued at $1,082,000 after purchasing an additional 13,367 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Janus Living in the 3rd quarter valued at approximately $484,000. Institutional investors and hedge funds own 6.27% of the company's stock.

Analyst Ratings Changes

JAN has been the subject of a number of research reports. Scotiabank increased their target price on Janus Living from $31.00 to $33.00 and gave the stock a "sector outperform" rating in a research note on Thursday, September 17th. Wall Street Zen cut shares of Janus Living from a "hold" rating to a "sell" rating in a report on Saturday, November 7th. Barclays decreased their price target on shares of Janus Living from $34.00 to $33.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Huntington initiated coverage on shares of Janus Living in a research report on Monday, November 2nd. They issued a "strong-buy" rating for the company. Finally, Cantor Fitzgerald cut their price target on shares of Janus Living from $34.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.29.

Janus Living Trading Down 1.1%

Shares of JAN opened at $32.51 on Thursday. Janus Living, Inc. has a 52 week low of $22.76 and a 52 week high of $32.99. The firm's 50-day simple moving average is $29.70 and its 200 day simple moving average is $28.17.

Janus Living Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 18th will be issued a $0.0475 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, December 18th. Janus Living's dividend payout ratio is currently -2,850.00%.

About Janus Living

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.

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