St. Joe (NYSE:JOE) Issues Earnings Results

St. Joe (NYSE:JOE - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.51 earnings per share for the quarter, Zacks reports. St. Joe had a return on equity of 11.19% and a net margin of 19.39%. The firm had revenue of $129.10 million for the quarter.

St. Joe Stock Down 1.2%

JOE stock traded down $0.61 on Friday, hitting $51.16. 204,344 shares of the company's stock were exchanged, compared to its average volume of 239,916. St. Joe has a 12-month low of $40.19 and a 12-month high of $64.69. The firm has a 50 day moving average price of $47.49 and a two-hundred day moving average price of $46.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $2.96 billion, a P/E ratio of 36.02 and a beta of 1.36.

St. Joe Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 1.09%. St. Joe's dividend payout ratio (DPR) is 39.44%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOE. Royal Bank of Canada grew 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 last quarter. AQR Capital Management LLC lifted its position 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 acquiring an additional 45,939 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in St. Joe by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,459 shares of the financial services provider's stock worth $1,008,000 after acquiring an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in St. Joe by 29.4% during 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 worth $4,113,000 after acquiring an additional 19,879 shares during the period. Finally, Intech Investment Management LLC lifted its position in St. Joe by 45.8% during the 1st quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider's stock worth $1,231,000 after acquiring an additional 8,235 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

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.