St. Joe (NYSE:JOE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

St. Joe Company (The) (NYSE:JOE)’s share price passed 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 traded.

Wall Street Analyst Weigh In

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

St. Joe Trading Down 0.3%

The stock has a market capitalization of $3.72 billion, a P/E ratio of 33.43 and a beta of 1.28. The firm’s 50 day moving average price is $65.54 and its 200 day moving average price is $64.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 2.36.

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

St. Joe Dividend Announcement

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

Insider Transactions at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 189,200 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $65.78, for a total value of $12,445,576.00. Following the completion of the transaction, the insider directly owned 15,884,424 shares of the company’s stock, valued at $1,044,877,410.72. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 514,600 shares of company stock valued at $33,993,369 over the last ninety days. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On St. Joe

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in St. Joe by 3.1% in the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after buying an additional 179,877 shares in the last quarter. State Street Corp raised its stake in St. Joe by 1.5% in the fourth quarter. State Street Corp now owns 1,430,583 shares of the financial services provider’s stock worth $84,934,000 after buying an additional 21,309 shares in the last quarter. Geode Capital Management LLC raised its stake in St. Joe by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 994,963 shares of the financial services provider’s stock worth $59,081,000 after buying an additional 11,621 shares in the last quarter. Nitor Capital Management LLC bought a new position in St. Joe in the fourth quarter worth about $31,789,000. Finally, Victory Capital Management Inc. raised its stake in St. Joe by 5.4% in the fourth 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. 86.67% of the stock is owned by institutional investors.

About St. Joe

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.