St. Joe (NYSE:JOE) Stock Price Down 5%

The St. Joe Company (NYSE:JOEGet Rating) shares traded down 5% on Tuesday . The stock traded as low as $34.80 and last traded at $34.92. 4,413 shares changed hands during trading, a decline of 98% from the average session volume of 194,494 shares. The stock had previously closed at $36.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of St. Joe from a “hold” rating to a “sell” rating in a research report on Thursday.

St. Joe Price Performance

The firm’s 50-day simple moving average is $34.44 and its two-hundred day simple moving average is $39.55. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 29.15 and a beta of 1.24.

St. Joe Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, November 9th. St. Joe’s dividend payout ratio (DPR) is presently 31.50%.

Institutional Trading of St. Joe

Several institutional investors and hedge funds have recently modified their holdings of JOE. Bowen Hanes & Co. Inc. purchased a new stake in shares of St. Joe in the first quarter valued at about $10,663,000. BlackRock Inc. lifted its holdings in shares of St. Joe by 3.3% in the third quarter. BlackRock Inc. now owns 5,252,502 shares of the financial services provider’s stock valued at $168,239,000 after purchasing an additional 166,505 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of St. Joe by 141.3% in the third quarter. Renaissance Technologies LLC now owns 209,700 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 122,800 shares in the last quarter. JBF Capital Inc. purchased a new stake in shares of St. Joe in the second quarter valued at about $4,788,000. Finally, Millennium Management LLC lifted its holdings in shares of St. Joe by 1,037.6% in the second quarter. Millennium Management LLC now owns 125,872 shares of the financial services provider’s stock valued at $4,979,000 after purchasing an additional 114,807 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

About St. Joe

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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 plans and develops residential communities of various sizes for homebuilders or retail consumers.

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