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

St. Joe Company (The) (NYSE:JOE) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $65.03 and traded as high as $66.75. St. Joe shares last traded at $66.23, with a volume of 285,279 shares traded.

Analyst Upgrades and Downgrades

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

St. Joe Trading Down 1.5%

The company has a market cap of $3.70 billion, a price-to-earnings ratio of 30.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84. The business’s 50 day moving average price is $66.11 and its 200-day moving average price is $65.01.

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

St. Joe Announces Dividend

The business 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. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 21st. St. Joe’s dividend payout ratio is currently 29.91%.

Institutional Trading of St. Joe

Several institutional investors have recently bought and sold shares of JOE. State of Wyoming acquired a new position in St. Joe during the second quarter worth $26,000. Aberdeen Wealth Management LLC bought a new stake in shares of St. Joe in the 2nd quarter worth about $51,000. EverSource Wealth Advisors LLC grew its holdings in shares of St. Joe by 24.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 847 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 168 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of St. Joe during the 2nd quarter worth about $117,000. Finally, Nykredit A S acquired a new stake in shares of St. Joe during the 2nd quarter worth about $158,000. Institutional investors and hedge funds own 86.67% of the company’s stock.

About St. Joe

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company owns and manages a substantial portfolio of land and properties used for residential, commercial, hospitality, and conservation purposes.

St. Joe develops residential communities, including single-family homes, resort-oriented communities, and related amenities. Its commercial activities include office, retail, and other mixed-use developments, while its hospitality operations include hotels, resorts, golf courses, marinas, and other recreational facilities.