St. Joe (NYSE:JOE) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

St. Joe Company (The) (NYSE:JOE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.60 and traded as high as $65.33. St. Joe shares last traded at $65.1170, with a volume of 165,481 shares trading hands.

Wall Street Analyst Weigh In

JOE has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

St. Joe Price Performance

The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 32.56 and a beta of 1.39. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average is $67.83 and its two-hundred day moving average is $60.60.

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

St. Joe Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Monday, March 9th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, March 9th. St. Joe’s dividend payout ratio is currently 32.00%.

Insiders Place Their Bets

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 87,700 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $65.51, for a total transaction of $5,745,227.00. Following the transaction, the insider owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 179,100 shares of company stock valued at $12,244,315 over the last quarter. Corporate insiders own 0.32% of the company’s stock.

Institutional Trading of St. Joe

A number of hedge funds have recently modified their holdings of JOE. Royal Bank of Canada grew its holdings in St. Joe by 4.9% during the first quarter. Royal Bank of Canada now owns 29,915 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 1,384 shares during the period. AQR Capital Management LLC increased its stake in St. Joe by 152.4% in the first quarter. AQR Capital Management LLC now owns 76,084 shares of the financial services provider’s stock valued at $3,572,000 after purchasing an additional 45,939 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 worth $1,008,000 after purchasing an additional 951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 in the last quarter. Finally, Intech Investment Management LLC boosted its position 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 purchasing an additional 8,235 shares in the last quarter. 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 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.