St. Joe (NYSE:JOE) Share Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

St. Joe Company (The) (NYSE:JOE) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $65.06 and traded as high as $66.54. St. Joe shares last traded at $66.4280, with a volume of 208,993 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of St. Joe from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

St. Joe Stock Up 3.0%

The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 31.71 and a beta of 1.28. The firm’s fifty day moving average is $66.36 and its 200-day moving average is $65.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84.

St. Joe (NYSE:JOE) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. The firm had revenue of $158.86 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. St. Joe’s payout ratio is currently 29.91%.

Hedge Funds Weigh In On St. Joe

Several institutional investors have recently modified their holdings of JOE. First Citizens Bank & Trust Co. acquired a new stake in St. Joe in the 3rd quarter valued at approximately $331,000. GAMMA Investing LLC boosted its position in St. Joe by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,537 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 344 shares during the period. Farther Finance Advisors LLC boosted its position in St. Joe by 203.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,880 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 1,930 shares during the period. Rye Brook Capital LLC boosted its position in St. Joe by 0.9% during the 3rd quarter. Rye Brook Capital LLC now owns 69,195 shares of the financial services provider’s stock worth $4,552,000 after acquiring an additional 610 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of St. Joe by 85.6% in the second quarter. Tidal Investments LLC now owns 7,196 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 3,318 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company owns and manages a substantial portfolio of land and properties used for residential, commercial, hospitality, and conservation purposes.

St. Joe develops residential communities, including single-family homes, resort-oriented communities, and related amenities. Its commercial activities include office, retail, and other mixed-use developments, while its hospitality operations include hotels, resorts, golf courses, marinas, and other recreational facilities.