BUZZ-Janus Living shares fall after launching stock offering

November 4 - ** Shares of senior housing real estate investment trust (REIT) Janus Living under JAN.N fell 3.2% to $29.10 in after-hours trading, as the company seeks to raise additional capital

** JAN launches (link) a new offering of 25 million shares

** The company expects to use the net proceeds for acquisitions and investment opportunities, debt repayment, and general corporate purposes

** BofA, JPMorgan, Wells Fargo, and Goldman Sachs are acting as joint lead underwriters for this offering

** JAN is externally managed by Healthpeak Properties DOC.N and completed its initial public offering (IPO) in March (link) at an issue price of $20 per share; there are approximately 234.37 million shares outstanding

** At Wednesday's close, the share price was up 1.6% to $30.07

** According to LSEG data, 14 out of 16 analysts rate the stock as “strong buy” or “buy,” and 2 rate it as “hold”; the median target price is $34

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