Janus Living falls after starting another share offering
JAN•Analyst view
BofA, JP Morgan and Wells Fargo are lead bookrunners for the planned follow-on.
The stock closed down 1% at $30.18 on Monday.
11 of 12 analysts rate the stock "strong buy" or "buy"; median price target is $33, according to LSEG data.
Recent capital-raising activity
The company, externally managed by Healthpeak Properties DOC.N, went public in March after a 42 million-share IPO priced at $20, and then priced a 25 million-share offering at $25 in early June.
Shares fall after new equity offering
Janus Living's JAN.N shares were down 2.6% at $29.41 in extended trading as it seeks additional equity.
The senior housing REIT launched a 16 million-share offering.
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