St. Joe (NYSE:JOE) Sets New 1-Year High – Here’s Why

by · The Markets Daily

St. Joe Company (The) (NYSE:JOE – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $63.13 and last traded at $62.77, with a volume of 107926 shares. The stock had previously closed at $62.14.

Analyst Ratings Changes

JOE has been the subject of a number of research analyst reports. Weiss Ratings upgraded St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, St. Joe presently has an average rating of “Buy”.

Read Our Latest Analysis on JOE

St. Joe Stock Performance

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market cap of $3.62 billion, a P/E ratio of 34.85 and a beta of 1.37. The stock’s 50-day moving average is $55.16 and its 200 day moving average is $51.28.

St. Joe (NYSE:JOE – Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $161.08 million for the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Thursday, November 13th will be given a $0.16 dividend. The ex-dividend date is Thursday, November 13th. This is an increase from St. Joe’s previous quarterly dividend of $0.14. 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 35.56%.

Institutional Trading of St. Joe

Hedge funds have recently made changes to their positions in the company. Financial Consulate Inc. bought a new position in shares of St. Joe in the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 397 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in St. Joe by 2,265.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 686 shares of the financial services provider’s stock valued at $33,000 after buying an additional 657 shares in the last quarter. Quarry LP bought a new position in shares of St. Joe in the third quarter worth $39,000. Finally, Smartleaf Asset Management LLC grew its stake in St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock worth $48,000 after buying an additional 236 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

About St. Joe

(Get Free Report)

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.

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