JOE St Joe Company

Institutional investors currently hold 84% ownership in The St. Joe Company (NYSE:JOE), indicating significant confidence in the company's future. Fairholme Capital Management, L.L.C. is the largest shareholder with 30%, followed by BlackRock, Inc. and The Vanguard Group, Inc., both holding 10%. Insiders also own a meaningful stake of around US$49 million, showing alignment with shareholder interests, while the general public holds 15%.

Bruce Berkowitz, a major shareholder in St. Joe (NYSE:JOE), sold 59,000 shares for $3,679,830 on December 15th, reducing his stake by 0.36%. Despite this insider selling, institutional investors own a significant portion of the company's stock, and multiple hedge funds have increased their positions. Analysts maintain an average "Buy" rating for St. Joe, whose stock recently traded at $61.69 and has a quarterly dividend of $0.16 per share.

Major shareholder Bruce Berkowitz sold 6,800 shares of St. Joe (NYSE:JOE) stock for $422,824.00, reducing his ownership by 0.04%. The sale, disclosed in an SEC filing, leaves him with over 16.2 million shares valued at approximately $1.01 billion. St. Joe recently increased its quarterly dividend to $0.16 and maintains a "Buy" consensus rating from analysts, with institutional investors owning 86.67% of the stock.

The St. Joe Company (JOE) is developing a Publix-anchored center in Panama City Beach, signaling a shift in its retail strategy. This move aligns with St. Joe's broader narrative of converting its Northwest Florida land bank into recurring income through leased retail, deepening its commercial leasing base alongside residential community growth. Investors should consider how this impacts St. Joe's stock valuation amidst existing regional and balance sheet risks.

St. Joe is expanding its Watersound West Bay Center with a new Publix-anchored lifestyle center, signaling continued growth in its real estate corridor. Despite a significant stock rally and a relatively high P/E ratio compared to the broader US real estate market, a discounted cash flow (DCF) model suggests the company's shares may still be undervalued by about 21.6%. This indicates potential upside if the company's projected cash flows and accelerated earnings growth materialize, though risks like real estate downturns or project delays remain.

Fund 1 Investments LLC has invested $1.03 million in The St. Joe Company, acquiring 21,649 shares, showing increasing institutional interest in the company. St. Joe Company recently increased its quarterly dividend to $0.16 per share, resulting in an annualized dividend of $0.64 and a dividend yield of approximately 1.0%. The company has also received recent "Buy" ratings from analysts like Weiss Ratings and Wall Street Zen, reflecting positive market sentiment.