The stock of St. Joe Co (NYSE:JOE) hit a new 52-week high and has $21.88 target or 7.00% above today’s $20.45 share price. The 5 months bullish chart indicates low risk for the $1.60 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $21.88 price target is reached, the company will be worth $112.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 89,482 shares traded hands. St. Joe Co (NYSE:JOE) has risen 20.43% since April 21, 2016 and is uptrending. It has outperformed by 15.10% the S&P500.
Analysts await St. Joe Co (NYSE:JOE) to report earnings on March, 1. They expect $-0.02 earnings per share, up 33.33% or $0.01 from last year’s $-0.03 per share. After $0.04 actual earnings per share reported by St. Joe Co for the previous quarter, Wall Street now forecasts -150.00% negative EPS growth.
According to Zacks Investment Research, “St. Joe Company is one of the Southeast’s largest real estate operating companies. St. Joe provides a broad range of real estate services to meet both residential and commercial real estate needs. The company is one of the few real estate operating companies to have assembled the range of real estate, financial, marketing and regulatory expertise to take a large-scale approach to real estate development and services.”
Insitutional Activity: The institutional sentiment increased to 0.81 in Q2 2016. Its up 0.29, from 0.52 in 2016Q1. The ratio is positive, as 15 funds sold all St. Joe Co shares owned while 41 reduced positions. 5 funds bought stakes while 24 increased positions. They now own 70.34 million shares or 1.26% less from 71.24 million shares in 2016Q1.
State Street last reported 936,587 shares in the company. Ladenburg Thalmann Fincl Serv Inc holds 0% or 1,606 shares in its portfolio. Moreover, Cap Fund Sa has 0% invested in St. Joe Co (NYSE:JOE) for 13,900 shares. Manufacturers Life The last reported 36,119 shares in the company. Great West Life Assurance Can last reported 0% of its portfolio in the stock. Swiss Comml Bank accumulated 92,600 shares or 0% of the stock. Vanguard Gru holds 0% of its portfolio in St. Joe Co (NYSE:JOE) for 4.14 million shares. Markston Ltd Liability has 7,600 shares for 0.01% of their US portfolio. Moreover, Weaver C Barksdale And has 0% invested in St. Joe Co (NYSE:JOE) for 140 shares. Moreover, First Manhattan has 0% invested in St. Joe Co (NYSE:JOE) for 2,300 shares. Teachers Advsrs has invested 0% of its portfolio in St. Joe Co (NYSE:JOE). Creative Planning accumulated 0% or 725 shares. Northern Trust accumulated 0% or 639,111 shares. The New Jersey-based Blackrock Invest Limited Liability Corporation has invested 0.02% in St. Joe Co (NYSE:JOE). The California-based Checchi Advisers Lc has invested 0% in St. Joe Co (NYSE:JOE).
JOE Company Profile
The St. Joe Company, incorporated on May 26, 1936, is a real estate development, asset management and operating company. The Firm owns land concentrated primarily between Tallahassee and Destin, Florida, which it uses for a range of residential or commercial real estate developments, resorts and leisure operations, leasing activities and forestry operations. The Firm has residential and commercial land-use entitlements in hand or in process. The Firm operates through five divisions: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry.