Key Points
- Major shareholder Bruce Berkowitz sold 33,600 shares of St. Joe stock on June 5 at an average price of $65.18, totaling about $2.19 million. After the sale, he still owned 15.49 million shares.
- St. Joe recently paid and announced a quarterly dividend of $0.16 per share, or $0.64 annualized, for a yield of about 1.0%. The payout ratio stands at 32.99%.
- Analysts have become more cautious on the stock, with both Wall Street Zen and Weiss Ratings downgrading St. Joe to Hold. MarketBeat says the stock’s consensus rating is currently Hold.
St. Joe Company (The) (NYSE:JOE - Get Free Report) major shareholder Bruce Berkowitz sold 29,000 shares of St. Joe stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $65.12, for a total value of $1,888,480.00. Following the transaction, the insider directly owned 15,458,424 shares in the company, valued at approximately $1,006,652,570.88. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
St. Joe Price Performance
JOE opened at $64.75 on Tuesday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 33.38 and a beta of 1.28. St. Joe Company has a 1 year low of $45.75 and a 1 year high of $73.54. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average price of $65.63 and a 200 day moving average price of $65.03.
St. Joe (NYSE:JOE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.24 earnings per share for the quarter. St. Joe had a return on equity of 14.59% and a net margin of 21.61%.The company had revenue of $99.04 million during the quarter.
St. Joe Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, June 9th. St. Joe's dividend payout ratio (DPR) is 32.99%.
Hedge Funds Weigh In On St. Joe
Several large investors have recently added to or reduced their stakes in JOE. Camelot Portfolios LLC acquired a new position in St. Joe in the 4th quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in St. Joe by 155.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 652 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 397 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in St. Joe in the 4th quarter valued at approximately $32,000. Quarry LP acquired a new position in St. Joe in the 3rd quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC raised its holdings in St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Wall Street Zen downgraded St. Joe from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Weiss Ratings downgraded St. Joe from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".
Check Out Our Latest Analysis on St. Joe
About St. Joe
(
Get Free Report)
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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