St. Joe (NYSE:JOE) Reaches New 52-Week High – Should You Buy?

St. Joe Company (The) (NYSE:JOE) reached a new 52-week high on Friday . The stock traded as high as $63.13 and last traded at $62.77, with a volume of 107926 shares changing hands. The stock had previously closed at $62.14.

Analyst Ratings Changes

Several analysts have issued reports on JOE shares. Wall Street Zen raised shares of St. Joe from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings raised St. Joe from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

St. Joe Trading Up 0.8%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.25 and a current ratio of 2.25. The company’s 50-day moving average price is $55.16 and its 200-day moving average price is $51.28. The firm has a market capitalization of $3.62 billion, a PE ratio of 34.85 and a beta of 1.37.

St. Joe (NYSE:JOE) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $161.08 million during the quarter. St. Joe had a net margin of 21.40% and a return on equity of 13.96%.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Thursday, November 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This is an increase from St. Joe’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s dividend payout ratio is presently 35.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in St. Joe by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 371,097 shares of the financial services provider’s stock worth $17,423,000 after purchasing an additional 6,538 shares in the last quarter. Invesco Ltd. increased its stake in shares of St. Joe by 84.5% in the first quarter. Invesco Ltd. now owns 114,888 shares of the financial services provider’s stock worth $5,394,000 after buying an additional 52,603 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of St. Joe in the 1st quarter valued at about $222,000. Aigen Investment Management LP bought a new stake in shares of St. Joe in the 1st quarter valued at approximately $358,000. Finally, Nuveen LLC acquired a new position in St. Joe in the first quarter valued at approximately $7,195,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company 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.