St. Joe (NYSE:JOE) Reaches New 1-Year High – Time to Buy?

St. Joe Company (The) (NYSE:JOE)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $68.27 and last traded at $67.4750, with a volume of 16064 shares. The stock had previously closed at $66.93.

Key St. Joe News

Here are the key news stories impacting St. Joe this week:

• Positive Sentiment: Local entrepreneurship / placemaking story that could be read as a small, positive sign for downtown vitality — may indirectly support long‑term property demand near St. Joe developments. St. Joseph native trades corporate life for community creativity
• Neutral Sentiment: Local government election activity: low turnout reported for the mayoral primary and polls opened for the primary — civic developments could eventually influence local policy but are not an immediate driver for JOE. St. Joseph sees 10.5% voter turnout for mayoral primary, with 4,560 total ballots cast
• Neutral Sentiment: Local candidate news — a St. Joseph resident (Collin Clibon) running for city council; local election outcomes could matter longer term for zoning and development approvals but aren’t a near‑term JOE catalyst. St. Joseph resident and Lafayette High School alumni, Collin Clibon, runs for seat on City Council
• Neutral Sentiment: Local sports and community events (high‑school and college coaching moves, games, and youth sports stories) — good for community engagement but unlikely to move JOE’s stock. Examples: new lacrosse coach, basketball events, soccer features. Longtime assistant Scott Meehan gets his chance to lead the helm of St. Joe’s men’s lacrosse
• Negative Sentiment: Public‑health warning: local officials alerted residents about a highly addictive opioid compound being sold in stores — public safety and retail reputation concerns could have local economic costs, but this is unlikely to be a direct driver for JOE. St. Joseph health officials warn of highly addictive opioid compound being sold in stores
• Negative Sentiment: Missing person alert: St. Joseph police requested help locating a 67‑year‑old man with dementia — serious local public‑safety matter but no clear connection to JOE’s operations. St. Joseph police request help locating missing 67-year-old man with dementia

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JOE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of St. Joe in a report on Monday, December 29th. Wall Street Zen upgraded shares of St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, St. Joe presently has an average rating of “Buy”.

St. Joe Stock Performance

The stock’s 50-day moving average price is $62.71 and its 200 day moving average price is $55.71. The firm has a market cap of $3.97 billion, a P/E ratio of 38.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.25 and a quick ratio of 2.25.

Insider Buying and Selling at St. Joe

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 owned 16,165,024 shares of the company’s stock, valued at approximately $1,058,970,722.24. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 173,500 shares of company stock valued at $11,136,531. 0.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On St. Joe

A number of institutional investors and hedge funds have recently modified their holdings of JOE. Vanguard Group Inc. grew its holdings in St. Joe by 3.1% during the third quarter. Vanguard Group Inc. now owns 5,959,298 shares of the financial services provider’s stock worth $294,866,000 after purchasing an additional 179,877 shares during the period. State Street Corp boosted its stake in shares of St. Joe by 0.7% during the 2nd quarter. State Street Corp now owns 1,396,004 shares of the financial services provider’s stock worth $66,589,000 after acquiring an additional 9,301 shares during the period. Geode Capital Management LLC boosted its stake in shares of St. Joe by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 957,098 shares of the financial services provider’s stock worth $45,658,000 after acquiring an additional 23,320 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of St. Joe by 1.0% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 555,891 shares of the financial services provider’s stock worth $26,516,000 after acquiring an additional 5,552 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 acquiring an additional 144,121 shares during the period. 86.67% of the stock is owned by institutional investors.

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.