Janus Living initiated with an Outperform at Scotiabank

Scotiabank initiated coverage of Janus Living (JAN) with an Outperform rating and $28 price target The firm says Janus offers one of the highest funds from operations growth outlooks in U.S. real estate investment trusts through 2027. The company’s pure-play focus in the seniors housing industry and “favorable” external growth opportunity comes with a “compelling” valuation at current share levels, the analyst tells investors in a research note.