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

St. Joe Company (The) (NYSE:JOE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $60.10 and traded as high as $61.95. St. Joe shares last traded at $60.3420, with a volume of 231,191 shares trading hands.

Analysts Set New Price Targets

JOE has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of St. Joe in a research note on Monday, December 29th. Wall Street Zen cut shares of St. Joe from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

St. Joe Stock Performance

The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 30.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a 50-day moving average of $67.88 and a 200 day moving average of $60.16.

St. Joe (NYSE:JOE) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. St. Joe had a net margin of 22.52% and a return on equity of 15.23%. The company had revenue of $128.89 million for the quarter.

St. Joe Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Monday, March 9th were paid a $0.16 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. St. Joe’s dividend payout ratio (DPR) is presently 32.00%.

Insider Buying and Selling

In other St. Joe news, major shareholder Bruce R. Berkowitz sold 21,100 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $72.22, for a total transaction of $1,523,842.00. Following the completion of the sale, the insider owned 16,073,624 shares in the company, valued at approximately $1,160,837,125.28. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 179,100 shares of company stock worth $12,244,315. 0.32% of the stock is currently owned by insiders.

Institutional Investors Weigh In On St. Joe

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in St. Joe by 39.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 679 shares of the financial services provider’s stock worth $40,000 after buying an additional 193 shares during the last quarter. HRT Financial LP increased its stake in shares of St. Joe by 0.7% in the 2nd quarter. HRT Financial LP now owns 32,349 shares of the financial services provider’s stock valued at $1,543,000 after acquiring an additional 213 shares during the last quarter. ProShare Advisors LLC raised its position in shares of St. Joe by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 7,428 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 218 shares during the period. Smartleaf Asset Management LLC raised its position in shares of St. Joe by 31.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 977 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 236 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in St. Joe by 6.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,890 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 237 shares during the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

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.