Capital City Trust Co. FL Buys New Stake in St. Joe Company (The) (NYSE:JOE)

Key Points

• Capital City Trust Co. FL acquired 5,300 shares of St. Joe Company (NYSE: JOE), valued at approximately $249,000, during the first quarter.
• St. Joe recently announced a $0.14 quarterly dividend, representing a 1.09% yield on an annualized basis, with the payout scheduled for September 19th.
• Despite strong institutional interest, including recent rating changes, the stock is currently trading 1.2% lower at $51.16.

Capital City Trust Co. FL bought a new position in St. Joe Company (The) (NYSE:JOE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,300 shares of the financial services provider's stock, valued at approximately $249,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JOE. Arete Wealth Advisors LLC grew its position in St. Joe by 5.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider's stock worth $226,000 after purchasing an additional 243 shares during the last quarter. Viewpoint Capital Management LLC grew its position in St. Joe by 7.3% in the 1st quarter. Viewpoint Capital Management LLC now owns 7,384 shares of the financial services provider's stock worth $347,000 after purchasing an additional 500 shares during the last quarter. Lumbard & Kellner LLC grew its position in St. Joe by 4.7% in the 1st quarter. Lumbard & Kellner LLC now owns 14,557 shares of the financial services provider's stock worth $683,000 after purchasing an additional 653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in St. Joe by 4.0% in 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 during the last quarter. Finally, Lazard Asset Management LLC bought a new position in St. Joe in the 4th quarter worth about $38,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Price Performance

Shares of St. Joe stock traded down $0.28 on Thursday, hitting $51.01. The company had a trading volume of 112,130 shares, compared to its average volume of 254,197. The business has a 50-day simple moving average of $47.89 and a 200-day simple moving average of $46.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $2.95 billion, a PE ratio of 35.97 and a beta of 1.36. St. Joe Company has a 52 week low of $40.19 and a 52 week high of $62.90.

St. Joe (NYSE:JOE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 EPS for the quarter. The business had revenue of $129.10 million during the quarter. St. Joe had a net margin of 19.39% and a return on equity of 11.19%.

St. Joe Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.10%. St. Joe's payout ratio is 39.44%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of St. Joe from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th.

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.