Shares of The St. Joe Co. (NYSE:JOE) dropped 2% during trading on Friday . The company traded as low as $18.94 and last traded at $18.95, with a volume of 155,089 shares. The stock had previously closed at $19.34.

Separately, Zacks Investment Research lowered The St. Joe from a “buy” rating to a “hold” rating in a report on Thursday, July 28th.

The company has a market capitalization of $1.40 billion and a PE ratio of 138.60. The company has a 50 day moving average price of $18.68 and a 200 day moving average price of $17.12.

The St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. On average, equities research analysts predict that The St. Joe Co. will post $0.12 earnings per share for the current fiscal year.

The St. Joe Company is a real estate development and operating company, asset management and operating company with real estate assets and operations concentrated primarily between Tallahassee and Destin, Florida. The Company has residential and commercial land-use entitlements in hand or in process.

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