St. Joe Company (The) (NYSE:JOE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Separately, Zacks Investment Research lowered shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

Shares of St. Joe Company (NYSE JOE) traded up 0.653% during mid-day trading on Wednesday, reaching $19.275. 29,643 shares of the company were exchanged. The company’s 50-day moving average is $18.51 and its 200 day moving average is $17.64. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 69.086 and a beta of 0.91.

St. Joe Company (The) (NYSE:JOE) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.11. The business had revenue of $30.40 million during the quarter. St. Joe Company (The) had a net margin of 23.02% and a return on equity of 3.08%. Analysts predict that St. Joe Company will post $0.03 EPS for the current year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in St. Joe Company (The) by 20.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 694,061 shares of the financial services provider’s stock valued at $13,188,000 after buying an additional 116,453 shares during the last quarter. Norges Bank acquired a new stake in St. Joe Company (The) during the fourth quarter valued at $11,902,000. Teachers Advisors LLC raised its stake in St. Joe Company (The) by 21.0% in the fourth quarter. Teachers Advisors LLC now owns 99,574 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 17,295 shares during the last quarter. New Jersey Better Educational Savings Trust raised its stake in St. Joe Company (The) by 6.3% in the first quarter. New Jersey Better Educational Savings Trust now owns 34,000 shares of the financial services provider’s stock valued at $580,000 after buying an additional 2,000 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in St. Joe Company (The) during the first quarter valued at $551,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.

About St. Joe Company (The)

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

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