BUZZ-Janus Living dips after launching 25 million share shale

Janus Living

Janus Living

JAN

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** Janus Living's JAN.N shares fall as much as 5.5%, last down 2% at $26.23

** Senior housing real estate investment trust kicks off follow-on public offering of 25 million shares

** Proceeds will be used for acquisition and investment opportunities and other purposes

** Stock offering comes just months after JAN went public in New York after upsized IPO priced at $20 apiece

** BofA Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as lead book-running managers for offering

** 9 of 10 brokerages rate the stock "buy" or higher and one "hold"; median PT $29 - data compiled by LSEG

** As of last close, JAN shares up ~34% since March debut


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