St. Joe (NYSE:JOE) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

St. Joe Company (The) (NYSE:JOE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $61.43 and traded as high as $67.61. St. Joe shares last traded at $67.5140, with a volume of 179,635 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JOE shares. Wall Street Zen downgraded St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

St. Joe Stock Performance

The firm has a market cap of $3.85 billion, a P/E ratio of 33.47 and a beta of 1.39. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $68.03 and its two-hundred day moving average is $61.56.

St. Joe (NYSE:JOE) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 EPS for the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.The firm had revenue of $128.89 million during the quarter.

St. Joe Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 9th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, March 9th. St. Joe’s dividend payout ratio is presently 32.00%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the transaction, the insider directly owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 179,100 shares of company stock worth $12,244,315. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of St. Joe

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the last quarter. State Street Corp grew its position in St. Joe by 1.5% in the 4th quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after purchasing an additional 21,309 shares in the last quarter. Geode Capital Management LLC increased its stake in St. Joe by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock valued at $59,081,000 after buying an additional 11,621 shares during the last quarter. Nitor Capital Management LLC purchased a new stake in St. Joe in the 4th quarter valued at about $31,789,000. Finally, Victory Capital Management Inc. lifted its position in shares of St. Joe by 5.4% during the 4th quarter. Victory Capital Management Inc. now owns 429,376 shares of the financial services provider’s stock worth $25,492,000 after buying an additional 21,938 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.