St. Joe (NYSE:JOE) Hits New 52-Week High – Still a Buy?

Shares of St. Joe Company (The) (NYSE:JOE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.74 and last traded at $62.2550, with a volume of 19460 shares. The stock had previously closed at $61.35.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen raised St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of St. Joe in a research note on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

St. Joe Stock Down 0.0%

The firm has a market cap of $3.57 billion, a P/E ratio of 34.32 and a beta of 1.37. The company’s 50-day simple moving average is $54.07 and its 200 day simple moving average is $50.72. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share for the quarter. St. Joe had a return on equity of 13.96% and a net margin of 21.40%.The firm had revenue of $161.08 million for the quarter.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Thursday, November 13th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from St. Joe’s previous quarterly dividend of $0.14. St. Joe’s dividend payout ratio is presently 35.56%.

Institutional Trading of St. Joe

Institutional investors have recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in shares of St. Joe during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake in St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after buying an additional 397 shares during the period. Parkside Financial Bank & Trust lifted its holdings in St. Joe by 2,265.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock valued at $33,000 after buying an additional 657 shares in the last quarter. Quarry LP bought a new position in St. Joe in the 3rd quarter worth about $39,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of St. Joe by 31.8% during the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.