St. Joe (NYSE:JOE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

St. Joe Company (The) (NYSE:JOE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.60 and traded as high as $65.33. St. Joe shares last traded at $65.1170, with a volume of 165,481 shares.

Analyst Upgrades and Downgrades

JOE has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

St. Joe Stock Down 0.1%

The company has a market cap of $3.75 billion, a P/E ratio of 32.56 and a beta of 1.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The business’s 50 day moving average price is $67.83 and its 200-day moving average price is $60.60.

St. Joe (NYSE:JOE) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The business had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 9th were paid a $0.16 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is 32.00%.

Insider Activity

In related news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the transaction, the insider owned 16,165,024 shares in the company, valued at $1,058,970,722.24. This represents a 0.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 179,100 shares of company stock valued at $12,244,315 over the last three months. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On St. Joe

A number of institutional investors have recently modified their holdings of JOE. Cross Staff Investments Inc bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $232,000. Invesco Ltd. raised its position in St. Joe by 47.6% in the 4th quarter. Invesco Ltd. now owns 169,191 shares of the financial services provider’s stock worth $10,045,000 after purchasing an additional 54,601 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in St. Joe in the 4th quarter worth approximately $222,000. State of Tennessee Department of Treasury lifted its holdings in St. Joe by 23.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 15,148 shares of the financial services provider’s stock worth $899,000 after buying an additional 2,889 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in St. Joe by 233.8% during the 4th quarter. NewEdge Advisors LLC now owns 24,290 shares of the financial services provider’s stock worth $1,442,000 after buying an additional 17,013 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe’s core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.