St. Joe (NYSE:JOE) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• St. Joe shares crossed above their 200-day moving average, reaching $66.54 and last trading near $66.43, up 0.7%. The company has a $3.78 billion market capitalization.
• Analyst sentiment is positive: Weiss Ratings upgraded the stock to “buy (b),” and the consensus rating is “Buy.”
• Institutional ownership stands at 86.67%, with major investors including BlackRock and Bank of America adding new positions. St. Joe also pays a quarterly dividend of $0.16, equal to a 1.0% yield.

St. Joe Company (The) (NYSE:JOE - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $65.06 and traded as high as $66.54. St. Joe shares last traded at $66.4280, with a volume of 208,993 shares trading hands.

Wall Street Analysts Forecast Growth

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

St. Joe Stock Up 0.7%

The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 31.04 and a beta of 1.28. The stock has a 50 day moving average of $66.34 and a 200 day moving average of $65.06. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.71.

St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.71 earnings per share for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%. The firm had revenue of $158.86 million during the quarter.

St. Joe Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 21st were given a $0.16 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. St. Joe's dividend payout ratio (DPR) is presently 29.91%.

Institutional Investors Weigh In On St. Joe

A number of institutional investors have recently made changes to their positions in JOE. Bank of America Corp DE acquired a new position in St. Joe in the second quarter worth $11,797,000. The Manufacturers Life Insurance Company bought a new stake in St. Joe during the second quarter valued at $1,329,000. BlackRock Inc. bought a new stake in St. Joe during the second quarter valued at $385,050,000. Berkley W R Corp acquired a new stake in shares of St. Joe during the second quarter worth $13,124,000. Finally, Principal Financial Group Inc. raised its holdings in shares of St. Joe by 17.0% during the first quarter. Principal Financial Group Inc. now owns 222,891 shares of the financial services provider's stock worth $13,998,000 after purchasing an additional 32,457 shares during the period. 86.67% of the stock is currently owned by institutional investors.

St. Joe Company Profile

The St. Joe Company NYSE: JOE is a real estate development and asset management company focused primarily on Northwest Florida. The company owns and manages a substantial portfolio of land and properties used for residential, commercial, hospitality, and conservation purposes.

St. Joe develops residential communities, including single-family homes, resort-oriented communities, and related amenities. Its commercial activities include office, retail, and other mixed-use developments, while its hospitality operations include hotels, resorts, golf courses, marinas, and other recreational facilities.

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