St. Joe (NYSE:JOE) Sets New 52-Week High - Time to Buy?

Key Points

• St. Joe shares hit a 52-week high of $74.36, up from the previous close of $69.97.
• Analyst sentiment is positive: Weiss Ratings upgraded the stock, and its overall rating is “Buy,” based on one analyst rating.
• The company reported quarterly EPS of $0.65 on revenue of $156.19 million and raised its quarterly dividend to $0.18 per share from $0.16.

St. Joe Company (The) (NYSE:JOE - Get Free Report) shares reached a new 52-week high during trading on Monday. The company traded as high as $74.36 and last traded at $73.4150, with a volume of 75,361 shares traded. The stock had previously closed at $69.97.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded St. Joe from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

St. Joe Price Performance

The company's fifty day moving average price is $66.56 and its two-hundred day moving average price is $66.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 34.94 and a beta of 1.25.

St. Joe (NYSE:JOE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.65 EPS for the quarter. The business had revenue of $156.19 million for the quarter. St. Joe had a net margin of 22.32% and a return on equity of 15.66%.

St. Joe Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.18 per share. This is a boost from St. Joe's previous quarterly dividend of $0.16. The ex-dividend date is Thursday, November 12th. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. St. Joe's dividend payout ratio is currently 33.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming bought a new stake in St. Joe in the 2nd quarter valued at approximately $26,000. Eurizon Capital SGR S.p.A. bought a new position in shares of St. Joe during the 3rd quarter worth approximately $31,000. Aberdeen Wealth Management LLC acquired a new stake in shares of St. Joe in the second quarter valued at approximately $51,000. EverSource Wealth Advisors LLC raised its holdings in shares of St. Joe by 24.7% in the first quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 168 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of St. Joe by 1,459.3% in the third quarter. Parallel Advisors LLC now owns 920 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 861 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

About St. Joe

The St. Joe Company is a real estate development and operating company focused primarily on Northwest Florida. Its activities include planning and developing residential communities, selling land and homesites, and owning and operating commercial properties.

The company also operates hospitality businesses, including hotels, golf courses, marinas and other leisure-oriented amenities. Its commercial portfolio includes properties that generate income through leasing, serving businesses and residents in the region.

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