Readystate Asset Management LP Buys Shares of 60,000 JAN $JAN

Key Points

• Institutional buying: Readystate Asset Management acquired 60,000 JAN shares valued at approximately $1.724 million, while Wellington Management purchased about $8.739 million worth. Institutional investors and hedge funds own 6.27% of the stock.
• Mixed earnings performance: JAN reported quarterly EPS of $0.05, missing the $0.23 consensus estimate, but revenue rose 45.4% year over year to $216.46 million and exceeded forecasts. The company issued fiscal 2026 EPS guidance of $0.95 to $0.98.
• Positive analyst sentiment and dividend: Analysts maintain a “Moderate Buy” consensus with an average $31.38 price target, while JAN pays a monthly $0.0475 dividend, representing an annualized yield of approximately 1.9%.

Readystate Asset Management LP bought a new position in JAN (NYSE:JAN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the company's stock, valued at approximately $1,724,000.

Separately, Wellington Management Group LLP purchased a new position in shares of JAN in the 2nd quarter worth approximately $8,739,000. 6.27% of the stock is currently owned by institutional investors and hedge funds.

JAN Stock Down 0.0%

JAN stock opened at $30.78 on Tuesday. The stock has a 50 day moving average of $30.23. JAN has a 52 week low of $22.76 and a 52 week high of $32.83.

JAN (NYSE:JAN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.18). The business had revenue of $216.46 million for the quarter, compared to analyst estimates of $203.32 million. The company's revenue for the quarter was up 45.4% on a year-over-year basis. JAN has set its FY 2026 guidance at 0.950-0.980 EPS. As a group, equities research analysts forecast that JAN will post 0.97 EPS for the current fiscal year.

JAN Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 11th will be paid a $0.0475 dividend. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.9%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of JAN in a research report on Tuesday, June 16th. They set a "strong-buy" rating and a $34.00 target price for the company. Cantor Fitzgerald lifted their price target on shares of JAN from $30.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. Barclays increased their price objective on JAN from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Monday, August 31st. Morgan Stanley raised their price objective on JAN from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 18th. Finally, KeyCorp boosted their target price on JAN from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.38.

JAN Profile

Upon completion of this offering, we will be the only U.S. publicly traded REIT focused exclusively on the senior housing sector and the only U.S. publicly traded REIT whose entire portfolio is owned and operated under RIDEA structures. We have an initial portfolio consisting of 34 senior housing communities, comprised of 10,422 units as of December 31, 2025. Our communities are located primarily in major retirement markets across 10 states, with units in Florida and Texas representing 69% of the total units as of December 31, 2025.

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