St. Joe (NYSE:JOE) Stock Breaks Above 200 Day Moving Average – Time to Sell?

St. Joe Company (The) (NYSE:JOE)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $65.27 and traded as high as $69.06. St. Joe shares last traded at $68.3320, with a volume of 117,235 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised St. Joe from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

St. Joe Stock Down 2.7%

The business’s 50 day simple moving average is $66.45 and its 200 day simple moving average is $65.31. 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 firm has a market capitalization of $3.85 billion, a PE ratio of 31.57 and a beta of 1.28.

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

St. Joe Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.64 annualized dividend and a yield of 0.9%. St. Joe’s dividend payout ratio (DPR) is presently 29.91%.

Institutional Trading of St. Joe

Large investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC bought a new position in shares of St. Joe during the 3rd quarter worth $326,000. Sterling Capital Management LLC lifted its position in St. Joe by 836.5% during the third quarter. Sterling Capital Management LLC now owns 1,283 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 1,146 shares during the last quarter. Vest Financial LLC boosted its position in shares of St. Joe by 3.5% in the 3rd quarter. Vest Financial LLC now owns 30,544 shares of the financial services provider’s stock worth $2,009,000 after purchasing an additional 1,029 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in St. Joe by 6.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,700 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 153 shares in the last quarter. Finally, Annex Advisory Services LLC grew its stake in shares of St. Joe by 11.8% during the third quarter. Annex Advisory Services LLC now owns 33,457 shares of the financial services provider’s stock worth $2,201,000 after acquiring an additional 3,539 shares during the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

St. Joe Company Profile

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company plans, develops and manages residential, commercial and hospitality properties, with activities concentrated in the communities and coastal markets surrounding Panama City and Destin.

St. Joe’s residential business includes the development of master-planned communities and residential neighborhoods, while its commercial activities include office, retail, medical and industrial properties.