St. Joe (NYSE:JOE) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of St. Joe (NYSE:JOE) from a buy rating to a hold rating in a research note issued to investors on Sunday.

St. Joe Stock Performance

Shares of St. Joe stock opened at $47.63 on Friday. St. Joe has a one year low of $40.19 and a one year high of $64.69. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 40.36 and a beta of 1.36. The business has a 50-day simple moving average of $43.77 and a 200 day simple moving average of $45.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.34 and a quick ratio of 1.34.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a return on equity of 9.58% and a net margin of 17.76%. The business had revenue of $94.20 million during the quarter.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 26th. Investors of record on Tuesday, June 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.18%. St. Joe’s dividend payout ratio is presently 42.11%.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 2,900 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $47.01, for a total transaction of $136,329.00. Following the completion of the sale, the insider now directly owns 16,940,624 shares of the company’s stock, valued at approximately $796,378,734.24. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Institutional Trading of St. Joe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new stake in St. Joe during the 4th quarter worth approximately $38,000. Millennium Management LLC increased its holdings in St. Joe by 2,785.5% during the 4th quarter. Millennium Management LLC now owns 209,917 shares of the financial services provider’s stock worth $9,432,000 after purchasing an additional 202,642 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in St. Joe by 108.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,297 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 5,875 shares in the last quarter. Swiss National Bank increased its holdings in St. Joe by 17.5% during the 4th quarter. Swiss National Bank now owns 80,400 shares of the financial services provider’s stock worth $3,612,000 after purchasing an additional 12,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in St. Joe by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,508 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 782 shares in the last quarter. 86.67% of the stock is owned by institutional investors.

About St. Joe

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.