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

St. Joe Company (The) (NYSE:JOE) crossed 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 traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of St. Joe in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, St. Joe has an average rating of “Buy”.

St. Joe Stock Down 0.1%

The company has a 50-day simple moving average of $67.83 and a 200 day simple moving average of $60.66. The company has a market cap of $3.75 billion, a P/E ratio of 32.56 and a beta of 1.39. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.73.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share 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 Dividend Announcement

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

Insiders Place Their Bets

In related news, major shareholder Bruce R. Berkowitz sold 87,700 shares of St. Joe stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $65.51, for a total value of $5,745,227.00. Following the sale, the insider directly owned 16,165,024 shares in the company, valued at approximately $1,058,970,722.24. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 179,100 shares of company stock valued at $12,244,315. Company insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On St. Joe

A number of hedge funds have recently made changes to their positions in the company. Nitor Capital Management LLC acquired a new stake in shares of St. Joe in the fourth quarter worth approximately $31,789,000. Vanguard Group Inc. lifted its holdings in St. Joe by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock valued at $294,866,000 after purchasing an additional 179,877 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in St. Joe by 54.7% in the 3rd quarter. Victory Capital Management Inc. now owns 407,438 shares of the financial services provider’s stock valued at $20,160,000 after purchasing an additional 144,121 shares in the last quarter. Select Equity Group L.P. acquired a new stake in St. Joe during the 2nd quarter worth $6,347,000. Finally, Janus Henderson Group PLC boosted its stake in St. Joe by 668.3% during the 4th quarter. Janus Henderson Group PLC now owns 139,947 shares of the financial services provider’s stock worth $8,310,000 after purchasing an additional 121,733 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

St. Joe Company Profile

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.