St. Joe (NYSE:JOE) Shares Pass Above 200 Day Moving Average – Time to Sell?

St. Joe Company (The) (NYSE:JOE)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $64.92 and traded as high as $65.60. St. Joe shares last traded at $64.8630, with a volume of 205,791 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JOE. Weiss Ratings lowered St. Joe from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

St. Joe Trading Down 0.3%

The firm has a market capitalization of $3.72 billion, a P/E ratio of 33.43 and a beta of 1.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a 50 day moving average price of $65.54 and a two-hundred day moving average price of $64.92.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The business had revenue of $99.04 million during the quarter.

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, June 9th. St. Joe’s payout ratio is presently 32.99%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 189,200 shares of St. Joe stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total transaction of $12,445,576.00. Following the transaction, the insider directly owned 15,884,424 shares in the company, valued at approximately $1,044,877,410.72. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 514,600 shares of company stock worth $33,993,369. Insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On St. Joe

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOE. Royal Bank of Canada grew its position in St. Joe by 4.9% during the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock worth $1,404,000 after purchasing an additional 1,384 shares in the last quarter. AQR Capital Management LLC grew its position in St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock worth $3,572,000 after purchasing an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider’s stock worth $1,008,000 after purchasing an additional 951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in St. Joe by 29.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider’s stock worth $4,113,000 after purchasing an additional 19,879 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in St. Joe by 45.8% during the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider’s stock worth $1,231,000 after purchasing an additional 8,235 shares in the last quarter. 86.67% of the stock is currently owned by hedge funds and other 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.