Teacher Retirement System of Texas Acquires New Stake in St. Joe Company (The) (NYSE:JOE)

Teacher Retirement System of Texas bought a new position in shares of St. Joe Company (The) (NYSE:JOE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,976 shares of the financial services provider’s stock, valued at approximately $281,000.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of St. Joe during the fourth quarter valued at approximately $38,000. XTX Topco Ltd purchased a new stake in St. Joe in the 4th quarter worth $210,000. Polymer Capital Management US LLC purchased a new stake in shares of St. Joe during the 4th quarter valued at about $223,000. Bridgefront Capital LLC purchased a new stake in shares of St. Joe during the 4th quarter valued at about $225,000. Finally, Arete Wealth Advisors LLC raised its position in shares of St. Joe by 5.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 5,047 shares of the financial services provider’s stock valued at $226,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

St. Joe Trading Down 1.0%

JOE opened at $49.44 on Friday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 37.17 and a beta of 1.36. The firm’s 50 day moving average is $47.05 and its 200-day moving average is $46.09. St. Joe Company has a 52-week low of $40.19 and a 52-week high of $64.69. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.83.

St. Joe (NYSE:JOE) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.30 EPS for the quarter. St. Joe had a return on equity of 10.62% and a net margin of 18.99%. The firm had revenue of $94.20 million for the quarter.

St. Joe Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 10th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Tuesday, June 10th. St. Joe’s dividend payout ratio is presently 42.11%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Sunday, June 8th.

St. Joe Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.