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. This segment primarily sells developed homesites, completed homes, parcels of entitled or undeveloped land or homesites, and a homesite residual on homebuilder, as well as offers title insurance and marketing services. The Hospitality segment owns and operates a private membership club, golf courses, beach clubs, retail outlets, marinas, and other entertainment assets. This segment also engages in the hotel, food and beverage, and gulf-front vacation rental operations, as well as provides management services. The Commercial segment engages in leasing of commercial property, multi-family, a senior living community, and other assets. This segment is also involved in the planning, development, entitlement, management, and sale of commercial and rural land holdings for retail, office, hotel, senior living, multi-family, self-storage, and industrial uses; and grows and sells pulpwood, sawtimber, and other forest products. The company was incorporated in 1936 and is based in Panama City Beach, Florida.

St. Joe Company’s valuation looks expensive even against the backdrop of strong profitability and a moderate balance sheet. A P/E of 32.26, P/S of 6.96, P/B of 4.62, and P/FCF of 19.71 are noticeably above industry medians, leaving little margin of safety for revaluation. At the same time, ROE of 14.72%, ROA of 7.39%, and ROI of 8.39% are significantly above the sector median, while the operating margin of 28.38% also looks strong. This suggests that the business is able to generate returns on capital better than its peers, but the market is already pricing in that advantage. The debt burden looks manageable: debt/equity of 0.72 is below the median, debt is declining year over year, and a current ratio of 2.36 indicates comfortable short-term liquidity. However, the quick ratio is 0.00, which for a development and real estate profile means high dependence on inventory and a less flexible working capital structure. In terms of dynamics, revenue, EBITDA, operating income, and net income have declined noticeably compared with the stronger quarters of last year, which weakens the near-term valuation momentum. Gross margin of 42.86% is below the industry median, so strong operating efficiency does not fully offset weakness at the gross profit level. EPS TTM of 0.24 and net income of 14 million look weak relative to the scale of assets and equity, despite high relative profitability. Dividend yield of 0.24% is low and has declined over the year, so the dividend factor provides almost no support to the investment case. Assets and equity remain large and stable, while liabilities are gradually declining, which reduces financial risk. Overall, the fundamentals are more high-quality than cheap: the company is efficient and financially stable, but the current market valuation already reflects a significant portion of these strengths. For the target price, this implies a moderate downward adjustment due to elevated multiples and weakening current momentum in earnings and revenue.

St. Joe Company (The)

JOE looks high-quality but expensive: strong profitability and moderate debt are combined with elevated multiples and weakening earnings and revenue.

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in St. Joe Co. (Symbol: JOE), where a total of 1,669 contracts have traded so far, representing approximately 166,900 underlying shares. That amounts to about 82% of JOE's average daily trading volume over the past month of 203,595 shares. Particularly high volume was seen for the $70 strike call option expiring July 17, 2026, with 1,492 contracts trading so far today, representing approximately 149,200 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $70 strike highlighted in orange:
Smith & Wesson Brands Inc (Symbol: SWBI) saw options trading volume of 5,428 contracts, representing approximately 542,800 underlying shares or approximately 81.5% of SWBI's average daily trading volume over the past month, of 666,050 shares. Especially high volume was seen for the $12 strike call option expiring June 18, 2026, with 791 contracts trading so far today, representing approximately 79,100 underlying shares of SWBI. Below is a chart showing SWBI's trailing twelve month trading history, with the $12 strike highlighted in orange:
And New York Times Co. (Symbol: NYT) options are showing a volume of 12,594 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 76.9% of NYT's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $75 strike call option expiring July 17, 2026, with 4,177 contracts trading so far today, representing approximately 417,700 underlying shares of NYT. Below is a chart showing NYT's trailing twelve month trading history, with the $75 strike highlighted in orange:
For the various different available expirations for JOE options, SWBI options, or NYT options, visit StockOptionsChannel.com.
Further JOE Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Thursday Option Activity: JOE, SWBI, NYT

Looking at the universe of stocks we cover at Dividend Channel, on 6/9/26, St. Joe Co. (Symbol: JOE) will trade ex-dividend, for its quarterly dividend of $0.16, payable on 6/25/26. As a percentage of JOE's recent stock price of $64.81, this dividend works out to approximately 0.25%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JOE is likely to continue, and whether the current estimated yield of 0.99% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of JOE shares, versus its 200 day moving average:
Looking at the chart above, JOE's low point in its 52 week range is $45.66 per share, with $73.54 as the 52 week high point — that compares with a last trade of $65.02.
According to the ETF Finder at ETF Channel, JOE makes up 4.34% of the YieldMax Target 12 Real Estate Option Income ETF (Symbol: RNTY) which is trading higher by about 1.5% on the day Friday. (see other ETFs holding JOE).
In Friday trading, St. Joe Co. shares are currently off about 0.4% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Further JOE Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Cash Dividend On The Way From St. Joe

Key Points
The Fairholme Fund sold 377,800 JOE shares for approximately $24.84 million across three days in May 2026.
The sale reduced the Fund's position by 2.35%, leaving 15.7 million shares.
Sale size was near the top of the Fund's historical range, but a large position remains.
The Fairholme Fund, a concentrated mutual fund managed by Bruce Berkowitz, sold 377,800 shares of The St. Joe Company (NYSE:JOE)across three open-market transactions between May 5 and May 7, 2026, for aggregate proceeds of approximately $24.84 million, according to a Form 4 filed with the SEC.
Transaction summary
Shares sold (direct)
377,800
Transaction value
$24.8 million
Post-transaction shares (direct)
15,695,824
Post-transaction value (direct ownership)
~$1.02 billion
Transaction value based on SEC Form 4 weighted average purchase price ($65.75); post-transaction value based on May 7, 2026 market close ($65.05).
Key questions
How does the transaction compare to Berkowitz's prior selling activity?
This sale ranks in the upper decile by size among the Fairholme Fund's 35 JOE sell transactions since June 2023, with only one larger disposition (436,500 shares on May 7, 2024) and a mean historical sale size of ~145,400 shares.
Did the transaction meaningfully alter Berkowitz’s stake in The St. Joe Company?
The sale reduced the fund’s direct position by 2.35%, modest relative to his remaining 15.7 million shares, which continue to represent a sizable ownership interest.
Was this activity related to options, derivatives, or indirect holdings?
No derivative securities or indirect entities were involved; all shares sold were held directly by the Fairholme Fund, which retains no reported derivative interests post-transaction.
What does the sale imply for future liquidity potential?
Despite repeated sizable sales, the fund holds approximately 75.5% of his June 2023 position, indicating ongoing capacity for future liquidity events should market or portfolio conditions warrant.
Company overview
Revenue (TTM)
$513 million
Net income (TTM)
$115 million
Dividend yield
0.86%
1-year total return
56.9%
* 1-year performance calculated using May 22, 2026 as the reference date.
Company snapshot
St. Joe Offers residential land development, hospitality operations (including hotels, clubs, and marinas), and commercial property leasing and sales.
The company generates revenue through the sale of developed homesites and land, hospitality services, and commercial leasing and land sales.
It serves homebuilders, retail homebuyers, vacationers, and commercial tenants primarily in Northwest Florida.
The St. Joe Company is a diversified real estate operator with a focus on large-scale land development, hospitality, and commercial asset management in Northwest Florida. The company leverages its substantial land holdings—approximately 170,000 acres—to drive recurring revenue across residential, hospitality, and commercial segments.
What this transaction means for investors
The Fairholme Fund trimmed a small slice of a position it has held for years — not an exit, and not obviously a statement about the stock. The more useful question for investors is whether JOE is worth their attention on its own terms. St. Joe is a long-duration land play at its core. The investment case has always rested on the idea that Northwest Florida is underdeveloped relative to the rest of the state, and that a company sitting on roughly 170,000 acres there is well-positioned as that gap closes — slowly, but steadily. The business isn't a growth rocket. Revenue tied to homesite sales and hospitality demand moves with interest rates and consumer confidence, and the commercial segment, while useful, doesn't anchor the story on its own. What you're really buying is the land bank and the development optionality it carries — which means your time horizon matters more than almost anything else here. If you want a near-term catalyst, this probably isn't it. If you're patient and believe in the Panhandle's trajectory, the asset base is real and the story is coherent.
To learn more about real estate investing, check out this guide to commercial real estate.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A Modest Trim From Fairholme — Here's why JOE Is Still Worth a Look

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cipher Digital Inc (Symbol: CIFR), where a total volume of 281,486 contracts has been traded thus far today, a contract volume which is representative of approximately 28.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.7% of CIFR's average daily trading volume over the past month, of 24.8 million shares. Especially high volume was seen for the $24 strike call option expiring June 18, 2026, with 13,871 contracts trading so far today, representing approximately 1.4 million underlying shares of CIFR. Below is a chart showing CIFR's trailing twelve month trading history, with the $24 strike highlighted in orange:
Tapestry Inc (Symbol: TPR) options are showing a volume of 17,521 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 107.8% of TPR's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $175 strike call option expiring June 18, 2026, with 5,034 contracts trading so far today, representing approximately 503,400 underlying shares of TPR. Below is a chart showing TPR's trailing twelve month trading history, with the $175 strike highlighted in orange:
And St. Joe Co. (Symbol: JOE) saw options trading volume of 2,590 contracts, representing approximately 259,000 underlying shares or approximately 106.4% of JOE's average daily trading volume over the past month, of 243,380 shares. Especially high volume was seen for the $70 strike call option expiring May 15, 2026, with 2,466 contracts trading so far today, representing approximately 246,600 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for CIFR options, TPR options, or JOE options, visit StockOptionsChannel.com.
Also see:
Healthcare Dividend Stock List
NSEC YTD Return
ETFs With Stocks That Insiders Are Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable Tuesday Option Activity: CIFR, TPR, JOE

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St. Joe (JOE) Q2 2025 Earnings Call Transcript

St. Joe (JOE) Q4 2025 Earnings Call Transcript

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in St. Joe Co. (Symbol: JOE), where a total of 875 contracts have traded so far, representing approximately 87,500 underlying shares. That amounts to about 48% of JOE's average daily trading volume over the past month of 182,355 shares. Especially high volume was seen for the $50 strike call option expiring September 18, 2026, with 368 contracts trading so far today, representing approximately 36,800 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $50 strike highlighted in orange:
e.l.f. Beauty Inc (Symbol: ELF) saw options trading volume of 9,828 contracts, representing approximately 982,800 underlying shares or approximately 46.4% of ELF's average daily trading volume over the past month, of 2.1 million shares. Particularly high volume was seen for the $84 strike call option expiring February 13, 2026, with 627 contracts trading so far today, representing approximately 62,700 underlying shares of ELF. Below is a chart showing ELF's trailing twelve month trading history, with the $84 strike highlighted in orange:
And Toast Inc (Symbol: TOST) options are showing a volume of 51,966 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 46.1% of TOST's average daily trading volume over the past month, of 11.3 million shares. Especially high volume was seen for the $30 strike call option expiring February 20, 2026, with 22,461 contracts trading so far today, representing approximately 2.2 million underlying shares of TOST. Below is a chart showing TOST's trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for JOE options, ELF options, or TOST options, visit StockOptionsChannel.com.
Also see:
Low Beta Stocks
JOAN shares outstanding history
PVG YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Monday Option Activity: JOE, ELF, TOST

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Talen Energy Corporation (Symbol: TLN), where a total volume of 4,501 contracts has been traded thus far today, a contract volume which is representative of approximately 450,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.9% of TLN's average daily trading volume over the past month, of 919,920 shares. Particularly high volume was seen for the $400 strike call option expiring December 19, 2025, with 1,219 contracts trading so far today, representing approximately 121,900 underlying shares of TLN. Below is a chart showing TLN's trailing twelve month trading history, with the $400 strike highlighted in orange:
St. Joe Co. (Symbol: JOE) saw options trading volume of 1,041 contracts, representing approximately 104,100 underlying shares or approximately 47.5% of JOE's average daily trading volume over the past month, of 219,115 shares. Especially high volume was seen for the $50 strike call option expiring December 19, 2025, with 353 contracts trading so far today, representing approximately 35,300 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $50 strike highlighted in orange:
And MongoDB Inc (Symbol: MDB) saw options trading volume of 7,365 contracts, representing approximately 736,500 underlying shares or approximately 47.5% of MDB's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $340 strike put option expiring January 16, 2026, with 822 contracts trading so far today, representing approximately 82,200 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $340 strike highlighted in orange:
For the various different available expirations for TLN options, JOE options, or MDB options, visit StockOptionsChannel.com.
Also see:
RGCO Split History
JHS market cap history
Institutional Holders of DMK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Tuesday Option Activity: TLN, JOE, MDB

Looking at the universe of stocks we cover at Dividend Channel, on 11/13/25, St. Joe Co. (Symbol: JOE), Affiliated Managers Group Inc. (Symbol: AMG), and Western Alliance Bancorporation (Symbol: WAL) will all trade ex-dividend for their respective upcoming dividends. St. Joe Co. will pay its quarterly dividend of $0.16 on 12/12/25, Affiliated Managers Group Inc. will pay its quarterly dividend of $0.01 on 11/28/25, and Western Alliance Bancorporation will pay its quarterly dividend of $0.42 on 11/28/25. As a percentage of JOE's recent stock price of $58.56, this dividend works out to approximately 0.27%, so look for shares of St. Joe Co. to trade 0.27% lower — all else being equal — when JOE shares open for trading on 11/13/25. Similarly, investors should look for AMG to open 0.00% lower in price and for WAL to open 0.53% lower, all else being equal.
Below are dividend history charts for JOE, AMG, and WAL, showing historical dividends prior to the most recent ones declared.
St. Joe Co. (Symbol: JOE):
Affiliated Managers Group Inc. (Symbol: AMG):
Western Alliance Bancorporation (Symbol: WAL):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.09% for St. Joe Co., 0.02% for Affiliated Managers Group Inc., and 2.11% for Western Alliance Bancorporation.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, St. Joe Co. shares are currently up about 0.1%, Affiliated Managers Group Inc. shares are up about 0.2%, and Western Alliance Bancorporation shares are off about 0.5% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: St. Joe, Affiliated Managers Group and Western Alliance Bancorporation

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in C3.ai Inc (Symbol: AI), where a total volume of 102,395 contracts has been traded thus far today, a contract volume which is representative of approximately 10.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 137.1% of AI's average daily trading volume over the past month, of 7.5 million shares. Particularly high volume was seen for the $18 strike call option expiring November 07, 2025, with 22,183 contracts trading so far today, representing approximately 2.2 million underlying shares of AI. Below is a chart showing AI's trailing twelve month trading history, with the $18 strike highlighted in orange:
Roku Inc (Symbol: ROKU) saw options trading volume of 32,576 contracts, representing approximately 3.3 million underlying shares or approximately 133.7% of ROKU's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $100 strike put option expiring November 21, 2025, with 2,871 contracts trading so far today, representing approximately 287,100 underlying shares of ROKU. Below is a chart showing ROKU's trailing twelve month trading history, with the $100 strike highlighted in orange:
And St. Joe Co. (Symbol: JOE) options are showing a volume of 2,046 contracts thus far today. That number of contracts represents approximately 204,600 underlying shares, working out to a sizeable 128.7% of JOE's average daily trading volume over the past month, of 159,010 shares. Particularly high volume was seen for the $55 strike call option expiring December 19, 2025, with 1,277 contracts trading so far today, representing approximately 127,700 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for AI options, ROKU options, or JOE options, visit StockOptionsChannel.com.
Also see:
Preferred Stock Screener
ETFs Holding DVAX
ETFs Holding CPS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	32.26 27.81
Price/Sales	6.96 3.57
P/B	4.62 1.39
P/FCF	19.71 15.33

Indicator	TTM Median
ROE	14.72 6.50
ROA	7.39 3.24
ROI	8.39 4.12
Net Worth	3.58 1.59
Quick Ratio	0.00 1.32
Current Ratio	2.36 1.40

Indicator	TTM Median
Net Profit Margin	21.81 20.97
Operating Margin	28.38 22.92
Gross Margin	42.86 65.01
Return on tangible equity	14.72 7.40

Indicator	TTM Median
EPS	0.24 0.49
EPS Forecast	0.02 0.46
Revenue	99.00M 115.00M
Gross Profit	38.00M —
EBITDA	30.00M —

St. Joe Company (The)

Recent quarterly and TTM performance

Valuation

Debts

Efficiency

Other ratios

Revenue