St. Joe Company (The) (NYSE:JOE) Declares $0.14 Quarterly Dividend

St. Joe Company (The) (NYSE:JOE - Get Free Report) announced a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be paid a dividend of 0.14 per share by the financial services provider on Friday, September 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, August 22nd.

St. Joe Price Performance

St. Joe stock traded up $1.72 during mid-day trading on Thursday, reaching $51.68. The company had a trading volume of 397,712 shares, compared to its average volume of 256,340. St. Joe has a 1 year low of $40.19 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $3.01 billion, a P/E ratio of 38.86 and a beta of 1.36. The stock's 50-day simple moving average is $47.20 and its 200-day simple moving average is $46.16.

St. Joe (NYSE:JOE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.51 EPS for the quarter. St. Joe had a net margin of 18.99% and a return on equity of 10.62%. The business had revenue of $129.10 million for the quarter.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On St. Joe

A number of hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC raised its stake in shares of St. Joe by 45.8% in the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider's stock valued at $1,231,000 after acquiring an additional 8,235 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of St. Joe by 29.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 87,606 shares of the financial services provider's stock valued at $4,113,000 after acquiring an additional 19,879 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of St. Joe by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider's stock valued at $1,008,000 after acquiring an additional 951 shares during the period. AQR Capital Management LLC increased its stake in St. Joe by 152.4% during the 1st quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider's stock worth $3,572,000 after buying an additional 45,939 shares during the period. Finally, Royal Bank of Canada increased its stake in St. Joe by 4.9% during the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider's stock worth $1,404,000 after buying an additional 1,384 shares during the period. Hedge funds and other institutional investors own 86.67% of the company's stock.

St. Joe Company Profile

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.

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