St. Joe (NYSE:JOE) Sets New 52-Week High – Time to Buy?

St. Joe Company (The) (NYSE:JOE)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as $74.36 and last traded at $73.4150, with a volume of 75,361 shares. The stock had previously closed at $69.97.

Wall Street Analyst Weigh In

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

St. Joe Stock Up 5.9%

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.88. The firm’s 50 day moving average is $66.56 and its two-hundred day moving average is $66.13. The firm has a market capitalization of $4.19 billion, a P/E ratio of 34.94 and a beta of 1.25.

St. Joe (NYSE:JOE) last posted its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $156.19 million for the quarter. St. Joe had a net margin of 22.32% and a return on equity of 15.66%.

St. Joe Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, November 12th. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. This is a boost from St. Joe’s previous quarterly dividend of $0.16. St. Joe’s dividend payout ratio (DPR) is presently 33.96%.

Institutional Investors Weigh In On St. Joe

Several hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in St. Joe by 6.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,700 shares of the financial services provider’s stock worth $178,000 after buying an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in St. Joe by 24.7% during the first quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 168 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of St. Joe by 1.5% during the third quarter. Illinois Municipal Retirement Fund now owns 21,084 shares of the financial services provider’s stock worth $1,387,000 after acquiring an additional 319 shares during the period. GAMMA Investing LLC boosted its stake in St. Joe by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,537 shares of the financial services provider’s stock valued at $167,000 after purchasing an additional 344 shares during the period. Finally, State of Wyoming acquired a new position in shares of St. Joe in the second quarter valued at about $26,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

The St. Joe Company is a real estate development and operating company focused primarily on Northwest Florida. Its activities include planning and developing residential communities, selling land and homesites, and owning and operating commercial properties.

The company also operates hospitality businesses, including hotels, golf courses, marinas and other leisure-oriented amenities. Its commercial portfolio includes properties that generate income through leasing, serving businesses and residents in the region.

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