St. Joe (NYSE:JOE) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

St. Joe Company (The) (NYSE:JOE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $65.47 and traded as high as $66.12. St. Joe shares last traded at $63.86, with a volume of 405,462 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, St. Joe has a consensus rating of “Buy”.

St. Joe Price Performance

The company has a market cap of $3.63 billion, a price-to-earnings ratio of 29.80 and a beta of 1.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $65.08 and a two-hundred day moving average price of $65.46.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $0.71 EPS for the quarter. The business had revenue of $158.86 million during the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 21st were paid a $0.16 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is currently 29.91%.

Institutional Trading of St. Joe

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its stake in St. Joe by 85.6% in the second quarter. Tidal Investments LLC now owns 7,196 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 3,318 shares during the period. Integrated Wealth Concepts LLC bought a new position in St. Joe during the second quarter worth about $117,000. NewEdge Advisors LLC lifted its stake in St. Joe by 22.6% during the second quarter. NewEdge Advisors LLC now owns 12,532 shares of the financial services provider’s stock worth $785,000 after purchasing an additional 2,308 shares during the period. Squarepoint Ops LLC acquired a new stake in St. Joe during the second quarter valued at approximately $898,000. Finally, Nykredit A S acquired a new stake in St. Joe during the second quarter valued at approximately $158,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

About St. Joe

The St. Joe Company (NYSE: JOE) is a real estate development, asset management and operating company focused primarily on Northwest Florida. The company develops residential communities, commercial properties, resorts and other lifestyle-oriented destinations, with activities concentrated in Bay, Gulf, Walton and surrounding counties.

St. Joe’s residential development business includes master-planned communities and housing-related projects such as Watersound Origins and other Watersound-branded developments.