St. Joe (NYSE:JOE) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of St. Joe (NYSE:JOE) from a buy rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, St. Joe presently has a consensus rating of “Buy”.

St. Joe Stock Performance

JOE opened at $72.68 on Friday. The stock’s 50 day simple moving average is $65.59 and its 200-day simple moving average is $57.97. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.18 billion, a PE ratio of 36.34 and a beta of 1.30. St. Joe has a 1 year low of $40.19 and a 1 year high of $73.10.

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

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 9th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 9th. St. Joe’s dividend payout ratio (DPR) is presently 32.00%.

Insider Buying and Selling at St. Joe

In other news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company’s stock in a transaction that occurred on 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 directly owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 189,500 shares of company stock valued at $12,276,077 over the last ninety days. Insiders own 38.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its position in St. Joe by 39.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock valued at $40,000 after buying an additional 193 shares during the last quarter. HRT Financial LP lifted its stake in shares of St. Joe by 0.7% during the second quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares during the period. ProShare Advisors LLC boosted its holdings in St. Joe by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 218 shares during the last quarter. Smartleaf Asset Management LLC increased its position in St. Joe by 31.8% in the second quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 236 shares during the period. Finally, Ameritas Investment Partners Inc. increased its position in St. Joe by 6.5% in the second quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 237 shares during the period. Institutional investors own 86.67% of the company’s stock.

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.