St. Joe (NYSE:JOE) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• St. Joe crossed above its 200-day moving average
• Recent results showed quarterly EPS of $0.52 on $128.9M revenue with a 15.23% ROE and 22.52% net margin; the company pays a $0.16 quarterly dividend (annualized yield ~0.9%) and has a market cap of ~$3.88B (P/E ~33.8).
• Insiders have been selling recently: major shareholder Bruce R. Berkowitz sold 87,700 shares (~$5.75M) on Jan. 15, and insiders sold 179,100 shares in the last 90 days, while institutional investors own roughly 86.7% of the stock.

St. Joe Company (The) (NYSE:JOE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $61.43 and traded as high as $67.61. St. Joe shares last traded at $67.5140, with a volume of 179,635 shares changing hands.

Analyst Upgrades and Downgrades

JOE has been the subject of a number of recent research reports. Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a "buy (b-)" rating on shares of St. Joe in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

St. Joe Trading Up 0.2%

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market cap of $3.88 billion, a P/E ratio of 33.76 and a beta of 1.39. The firm's fifty day moving average price is $67.97 and its two-hundred day moving average price is $61.43.

St. Joe (NYSE:JOE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $128.89 million during the quarter. St. Joe had a return on equity of 15.23% and a net margin of 22.52%.

St. Joe Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Monday, March 9th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, March 9th. St. Joe's dividend payout ratio (DPR) is 32.00%.

Insider Activity at St. Joe

In related news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the company's stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $65.51, for a total value of $5,745,227.00. Following the transaction, the insider directly owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 179,100 shares of company stock worth $12,244,315 over the last ninety days. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On St. Joe

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Camelot Portfolios LLC bought a new position in shares of St. Joe in the 4th quarter worth $30,000. Financial Consulate Inc. bought a new stake in shares of St. Joe during the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC grew its position in St. Joe by 155.7% in the second quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider's stock worth $31,000 after acquiring an additional 397 shares in the last quarter. Kestra Advisory Services LLC bought a new position in St. Joe in the fourth quarter valued at $32,000. Finally, Quarry LP bought a new position in St. Joe in the third quarter valued at $39,000. Hedge funds and other institutional investors own 86.67% of the company's stock.

St. Joe Company Profile

The St. Joe Company NYSE: JOE is a leading real estate development and asset management firm focused on Northwest Florida. Headquartered in Jacksonville, the company owns and manages approximately 171,000 acres of land across Bay, Gulf, Franklin and Walton counties. St. Joe's core businesses include residential community development, commercial real estate, and hospitality, with an emphasis on master-planned neighborhoods, office and retail campuses, resort hotels and mixed-use town centers.

Founded in 1936 as a paper manufacturing company, St.

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