St. Joe (NYSE:JOE) Issues Quarterly Earnings Results

St. Joe (NYSE:JOE - Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $129.10 million for the quarter. St. Joe had a return on equity of 11.25% and a net margin of 19.39%.

St. Joe Stock Performance

Shares of JOE stock traded down $0.84 during mid-day trading on Friday, reaching $50.92. The stock had a trading volume of 94,417 shares, compared to its average volume of 255,122. St. Joe has a one year low of $40.19 and a one year high of $64.69. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.83. The firm's 50 day simple moving average is $47.40 and its 200 day simple moving average is $46.24. The firm has a market cap of $2.96 billion, a PE ratio of 35.89 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 is Friday, August 22nd. This represents a $0.56 annualized dividend and a yield of 1.10%. St. Joe's payout ratio is 42.11%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On St. Joe

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of St. Joe by 4.9% in the 1st quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider's stock worth $1,404,000 after purchasing an additional 1,384 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of St. Joe by 152.4% during the first 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. boosted its stake in shares of St. Joe by 4.6% in the first 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 buying an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in St. Joe by 29.4% during the first 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 purchasing an additional 19,879 shares during the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of St. Joe by 45.8% during the first quarter. Intech Investment Management LLC now owns 26,218 shares of the financial services provider's stock worth $1,231,000 after buying an additional 8,235 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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.