How Watersound Expansion At St. Joe (JOE) Has Changed Its Investment Story
The St. Joe Company's joint venture with Minto Communities USA has entered a second phase for Latitude Margaritaville Watersound, planning 3,500 additional homes and expanded amenities, signaling increased demand and more intensive land use. This expansion centralizes more of St. Joe's investment narrative into a single active adult hub. The development raises questions about the company's evolving investment story, its ability to manage a high debt load, and a P/E of 30.5x amid this large, multi-year build.
188,359 Shares in St. Joe Company (The) $JOE Bought by Bank of America Corp DE
Bank of America Corp DE purchased 188,359 shares of St. Joe Company (NYSE:JOE) during the second quarter, valuing the stake at approximately $11.8 million. Institutional investors and hedge funds now own 86.67% of the company. St. Joe recently reported strong quarterly earnings of $0.71 EPS and $158.86 million in revenue, and pays a quarterly dividend of $0.16.
The St. Joe Company Announces Year-Over-Year Growth Across Its Portfolio of 12 Hotels and Resorts During the Summer Season
The St. Joe Company reported year-over-year growth in occupancy and average daily rate (ADR) across its 12 hotels and resorts in Northwest Florida during the past summer season. This growth was driven by strategic investments in hospitality assets and increased marketing efforts, particularly in the New York metropolitan area, attracting guests from all 50 states. The company plans to continue these marketing efforts to promote Northwest Florida as a winter destination and capitalize on convenient air access from major metropolitan areas.
The St. Joe Company Announces Year-over-year Growth Across Its Portfolio Of 12 Hotels And Resorts During The Summer Season
The St. Joe Company reported significant year-over-year growth in occupancy and average daily rate across its 12 hotels and resorts in Bay and Walton counties during the summer season. This growth was driven by strategic investments in quality hospitality assets and increased marketing efforts, particularly targeting new audiences beyond the traditional drive market, such as the New York metropolitan area. The company plans to continue these marketing initiatives to further expand its reach and promote Northwest Florida as a winter destination.
St. Joe (JOE) Expands Latitude Margaritaville, Is The Premium Valuation Still Justified?
St. Joe (JOE) has expanded its Latitude Margaritaville Watersound project, adding 3,500 homes and more amenities, following a mixed stock performance recently. While the company trades at a premium P/E of 30x compared to its industry, a discounted cash flow (DCF) model by Simply Wall St suggests the stock is deeply undervalued at $64.88 against an estimated future cash flow value of $158.27. This indicates a split sentiment regarding its valuation, urging investors to consider both current earnings multiples and long-term cash flow potential.
St. Joe Company reports hotel surge across Bay & Walton counties
The St. Joe Company has reported a significant surge in hotel activity across Bay and Walton counties. The article, published on September 24, 2026, at 6:47 PM CDT, highlights this positive trend in the region's hospitality sector. No specific details about the extent of the surge or the factors contributing to it are provided in this snippet.
St. Joe Company reports hotel surge across Bay & Walton counties
The St. Joe Company reported a surge in hotel occupancy and room rates across its 12 properties in Bay and Walton counties this summer, with visitors arriving from all 50 states. While Texas remained the top source of guests for 30A hotels, direct flights and targeted advertising, particularly from New York, contributed to the increased numbers, pushing past the traditional road-trip market. The company plans to continue its advertising efforts to promote the area as a year-round destination.
The St. Joe Company Announces Year-Over-Year Growth Across Its Portfolio of 12 Hotels and Resorts During the Summer Season
The St. Joe Company reported year-over-year growth in occupancy and average daily rate (ADR) across its 12 hotels and resorts in Bay and Walton counties during the summer season. This growth was driven by efforts to expand awareness of Northwest Florida beyond its traditional drive market, attracting guests from all 50 states, with New York emerging as the fastest-growing feeder market. The company plans to continue its marketing efforts in the New York metropolitan area for the upcoming winter season to promote Northwest Florida as a year-round destination.
The St. Joe Company (JOE) Stock Price, News, Quote & History
The St. Joe Company (JOE) is a real estate development, asset management, and operating company with segments in Residential, Hospitality, and Commercial real estate. The stock closed at $64.88, down 1.47% on September 24, 2026, with a market cap of $3.694 billion. The article provides key financial data, performance overview, earnings trends, and company insights for investors.
Latitude Margaritaville Watersound to expand by 3,500 homes in Phase 2 development
Latitude Margaritaville Watersound in Panama City Beach, FL, is embarking on a second phase of development, adding 3,500 new homes and a second resort-style amenity center. This expansion, a joint venture between Minto Communities US, Margaritaville Holdings, and The St. Joe Company, is expected to break ground in mid-2027. The community has seen significant success since its 2021 launch, with 2,637 home contracts signed, and was recently named 2026 Master Plan of the Year by Zonda.
How Joint Venture Expansion At St. Joe (JOE) Has Changed Its Investment Story
The St. Joe Company expanded its joint venture with Minto Communities USA for Latitude Margaritaville Watersound, adding 3,500 homes and more amenities, increasing the total to 7,200 planned homes. This expansion further focuses St. Joe on active adult housing and resort-style services in the Panhandle region, tying its investment narrative to long-term demand for lifestyle communities. While the company's thesis relies on monetizing its land bank through various projects, the increased debt and reliance on higher-risk funding sources mean flawless execution is critical for continued success.
St. Joe (NYSE:JOE) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why
St. Joe (NYSE:JOE) saw its stock price cross above its 200-day moving average, reaching an intraday high of $66.12. Weiss Ratings upgraded the stock from "hold" to "buy," aligning with MarketBeat's overall "Buy" rating based on analyst data. The company recently reported strong quarterly earnings of $0.71 EPS on $158.86 million in revenue and declared a quarterly dividend of $0.16.
The St. Joe Company Announces Plans for Additional 3,500 Homes in the Latitude Margaritaville Watersound
The St. Joe Company (NYSE: JOE) has announced an expansion of its joint venture with Minto Communities USA to add approximately 3,500 homes to the Latitude Margaritaville Watersound community, bringing the total planned homes to about 7,200. This expansion follows strong sales in the initial phase and will include enhanced resort-style amenities and updated financial terms. The development is part of St. Joe's strategy to meet demand in Northwest Florida, complementing other ongoing projects like a mixed-use commercial town center and a healthcare campus.
The St. Joe Company Announces Plans for Additional 3,500 Homes in the Latitude Margaritaville Watersound® Community
The St. Joe Company announced an expansion of its joint venture with Minto Communities USA to add approximately 3,500 homes to the Latitude Margaritaville Watersound community, bringing the total planned homes to about 7,200. This expansion reflects increased demand, with sales up 27% year-to-date in 2026 and 2,635 homes sold from the initial phase. The new phase also includes updated financial terms and will expand resort-style amenities, supporting the broader economic ecosystem in the State Road 79 corridor.
The St. Joe Company Announces the Creation of a New Business, Watersound℠ Weddings & Events
The St. Joe Company (NYSE: JOE) has launched a new business, Watersound Weddings & Events, to centralize wedding and special event planning across its extensive hospitality portfolio in Northwest Florida. This initiative aims to leverage existing assets and strong regional demand for destination events, supported by convenient air travel. The new service will provide a single point of contact for customers seeking venues and accommodations, with a physical storefront opening at Watersound Town Center in early 2027.
The St. Joe Company Announces the Creation of a New Business, Watersound℠ Weddings & Events
The St. Joe Company has launched Watersound℠ Weddings & Events, a new business designed to centralize wedding and special event planning across its hospitality portfolio in Northwest Florida. This initiative leverages existing assets to create an asset-light business, making it easier for customers to plan events while driving utilization of the company's hotels, resorts, and venues. The service is currently available online and will open a physical location at Watersound Town Center in early 2027, featuring Executive Director Cheryl Walton, who has extensive experience in event planning.
The Manufacturers Life Insurance Company Invests $1.33 Million in St. Joe Company (The) $JOE
The Manufacturers Life Insurance Company invested $1.33 million in St. Joe Company by purchasing 21,215 shares in the second quarter. Institutional investors now own 86.67% of the company, and analysts have a "Buy" rating on the stock. St. Joe recently reported Q2 EPS of $0.71 on revenue of $158.86 million and declared a quarterly dividend of $0.16.
A former St. Joe headquarters now houses Florida’s No. 17 public high school
The Magnet Innovation Center (MIC), formerly the headquarters of The St. Joe Company, has been ranked #17 among Florida public high schools and #136 nationally by U.S. News & World Report. This recognition highlights St. Joe's long-term, community-focused investment strategy in Northwest Florida, transforming their former office building into a top-performing STEAM-focused public school. The partnership with the Walton County School District showcases a successful public-private collaboration contributing to regional development and academic achievement.
Deutsche Bank AG Invests $2.62 Million in St. Joe Company (The) $JOE
Deutsche Bank AG has purchased a new stake in The St. Joe Company, acquiring 41,829 shares valued at approximately $2.62 million, making them a 0.07% owner. This comes as institutional investors collectively own 86.67% of the company's stock. Insider activity shows major shareholder Bruce R. Berkowitz selling 140,400 shares for $9.23 million, with total insider sales reaching $33.1 million in the last 90 days. St. Joe recently reported strong quarterly earnings, a dividend declaration, and an analyst ratings upgrade to "buy."
Ieq Capital LLC Invests $1.88 Million in St. Joe Company (The) $JOE
Ieq Capital LLC has acquired a new stake in The St. Joe Company (NYSE:JOE) worth approximately $1.88 million, joining other institutional investors who collectively own 86.67% of the company. St. Joe recently reported strong quarterly earnings and revenue, received an analyst upgrade to "buy," and declared a quarterly dividend of $0.16 per share. Despite some insider selling, the company maintains a positive outlook with a consensus "Buy" rating.
Panama City awards bid for first 50 Downtown Marina slips and approves new funding source
Panama City Commissioners have awarded a bid for the construction of the first 50 wet slips in the Downtown Marina to Art Marine, LLC, for approximately $2.9 million. The project will be financed by a prepayment of up to $5 million from the St. Joe company, avoiding interest on a FEMA loan. The St. Joe company will also manage the slips for up to five years, with a management agreement to be finalized.
Watersound Town Center announces new addition to retail shops
The St. Joe Company has announced that lifestyle retailer Anthropologie will be opening an approximately 9,000-square-foot store at the Watersound Town Center. This new location will also feature an Anthropologie Weddings bridal shop. Anthropologie joins other retailers like FP Movement, Hemline, and J.McLaughlin that have recently established a presence at the town center.
Nitor Capital Management LLC Makes New Investment in St. Joe Company (The) $JOE
Nitor Capital Management LLC has made a significant new investment in The St. Joe Company, acquiring 526,496 shares valued at approximately $33 million, making it their second-largest holding. Institutional investors collectively own 86.67% of the company. St. Joe recently reported earnings of $0.71 per share and declared a quarterly dividend of $0.16.
Does Anthropologie’s Flagship And Bridal Store at Watersound Transform the Bull Case for St. Joe (JOE)?
St. Joe Company announced that Anthropologie will open a 9,000 square foot flagship and bridal store at Watersound Town Center. While this lease enhances the retail mix and brand appeal of the area, it's considered a modest financial driver for St. Joe, whose investment narrative focuses on long-term real estate development and conversion of land into income-producing assets. The company's valuation already reflects a premium, and investors should consider execution risks, leverage, and regional concentration.
Does Anthropologie’s Flagship And Bridal Store at Watersound Transform the Bull Case for St. Joe (JOE)?
The St. Joe Company (JOE) recently secured Anthropologie as a flagship tenant, including an Anthropologie Weddings bridal shop, at its Watersound Town Center. While this lease strengthens the retail mix and brand appeal of the area, it's considered a modest driver rather than a major financial catalyst for St. Joe's long-term real estate and resort development strategy. The company's valuation already reflects a premium, and investors should continue to focus on execution risks, project timing, and concentration risk in its coastal region developments.
St. Joe (JOE) Lands Anthropologie As Watersound Momentum Raises Valuation Questions
St. Joe (JOE) has announced that Anthropologie will lease approximately 9,000 square feet at Watersound Town Center, alongside the opening of Johnnie O. While the company's shares have shown strong momentum with a 35.48% return over the last year, its P/E ratio of 31.9x is higher than the US Real Estate industry average, suggesting it may be overvalued based on simple earnings. However, a Discounted Cash Flow model indicates potential undervaluation, prompting investors to weigh the strong earnings growth against the premium valuation and absence of clear forward forecasts.
Anthropologie signs lease at St. Joe’s Watersound Town Center
The St. Joe Company (NYSE: JOE) announced that Anthropologie has signed a lease for approximately 9,000 square feet at Watersound Town Center, with plans to include an Anthropologie Weddings bridal shop. Construction for Anthropologie's retail building has begun, though an opening date has not been announced, while another retail building is expected to break ground later this year as St. Joe plans to expand the center to approximately 400,000 square feet. Johnnie-O, a men’s and boys’ apparel brand, has also opened at the location, which is currently 98% leased.
Fairholme Capital holds 76% in St. Joe, sees strong Q2 growth; adds Pfizer, Campbell Soup, UPS for diversification.
Fairholme Capital, managed by Bruce Berkowitz, has concentrated 76.43% of its portfolio in St. Joe Company, a land developer which reported its highest Q2 revenue in 20 years. Despite this high concentration, Fairholme has begun diversifying by adding positions in Pfizer, Campbell Soup, and UPS, indicating a shift towards more stable, cash-generating sectors. This move suggests a safer entry point for retail investors looking for diversification, as the high concentration in St. Joe poses risks.
The St. Joe Company Releases the Latest Issue of the Watersound Club® Member “Watersound Lifestyle®” Magazine
The St. Joe Company (NYSE: JOE) has released the latest issue of its "Watersound Lifestyle" magazine for Watersound Club members. The magazine highlights the people, places, and experiences of Northwest Florida, featuring stories from residents and showcasing national achievements, sporting pursuits, and amenity updates at Watersound Club. The publication is available in print and online, and includes forward-looking statements about the company's development activities.
The St. Joe Company Releases the Latest Issue of the Watersound Club® Member "Watersound Lifestyle®" Magazine
The St. Joe Company (NYSE: JOE) has released the latest issue of its "Watersound Lifestyle" magazine for Watersound Club members. The magazine highlights the community and experiences in Northwest Florida, featuring stories from residents and showcasing club amenities and events. It is available in print and online.
Watersound Club Magazine Highlights Residents, Events and 30°60°
The St. Joe Company released the latest issue of its "Watersound Lifestyle" magazine, a publication for Watersound Club members. The magazine celebrates the people, places, and experiences of Northwest Florida, featuring stories from residents and showcasing club amenities and events like Rhythm on the Range and the expanded 30°60° gathering place. The company emphasizes its real estate development activities in Northwest Florida.
Did Strong Q2 2026 Earnings and Capital Returns Just Shift St. Joe’s (JOE) Investment Narrative?
St. Joe Company (JOE) reported strong Q2 2026 results with increased sales, revenue, net income, and EPS, alongside a declared cash dividend and ongoing share repurchases. These results reinforce the company's investment narrative, suggesting current projects are successfully converting into profits and highlighting a shareholder-friendly capital return approach. However, the article notes that risks such as high debt, real estate cyclicality, and potentially high expectations still remain.
Did Strong Q2 2026 Earnings and Capital Returns Just Shift St. Joe’s (JOE) Investment Narrative?
St. Joe Company recently reported strong Q2 2026 earnings, with increased sales, revenue, net income, and diluted EPS, alongside declaring a cash dividend and continuing share repurchases. These results reinforce the company's investment narrative, suggesting current projects are generating profits and highlighting a shareholder-friendly capital return strategy. However, the article also notes risks such as leverage and real estate cyclicality, despite a Simply Wall St Community fair value view indicating potential undervaluation.
St. Joe (JOE) Could Be 127% Below Fair Value Following Record Second Quarter Results
St. Joe (JOE) reported record second-quarter revenue and net income, alongside an ongoing dividend and share repurchases. While a Discounted Cash Flow (DCF) model suggests the stock could be significantly undervalued at $152.60 per share compared to its current price of $67.35, its Price-to-Earnings (P/E) ratio of 31.2x is higher than industry averages, indicating investors are already paying a premium for current earnings. The article advises investors to review the details themselves due to these mixed signals.
Renaissance Technologies LLC Raises Stake in St. Joe Company (The) $JOE
Renaissance Technologies LLC significantly increased its stake in St. Joe Company by 516.9% in the first quarter, now holding 54,900 shares valued at approximately $3.45 million. Institutional investors collectively own 86.67% of the company, and St. Joe recently received an upgrade from "hold" to "buy" by Weiss Ratings. The company reported quarterly earnings of $0.71 per share and declared a quarterly dividend of $0.16.
Licensable picture: Advertising for the St. Joe Company's Windmark Beach development is pictured on July 27, 2026.
This article provides details about a licensable picture from USA TODAY Network, available through Reuters Connect. The image shows advertising for The St. Joe Company's Windmark Beach development, captured on July 27, 2026. It includes metadata like dimensions, credit, source, and byline for licensing purposes.
Licensable picture: Windmark Beach, a St. Joe Company development, is pictured on July 27, 2026.
This article presents a licensable picture of Windmark Beach, a development by The St. Joe Company, taken on July 27, 2026. The image is provided by the USA TODAY Network via Reuters Connect for professional media customers. The metadata includes details like dimensions, credit, source, and photographer.
Licensable picture: The sign for Watersound, a St Joe Company development project, is pictured on July 27, 2026.
This Reuters Connect content features a licensable picture of the Watersound development project sign, which belongs to The St Joe Company. The photograph was taken on July 27, 2026, and is provided by USA TODAY Network. It is made available to professional media customers for news purposes.
Is Dividend Hike And Buybacks-Fueled Capital Return Altering The Investment Case For St. Joe (JOE)?
St. Joe Company (JOE) recently reported strong Q2 2026 results, including US$158.83 million in revenue and US$40.47 million in net income, and declared a US$0.16 per-share dividend. These results, coupled with ongoing share repurchases, reinforce the company's focus on shareholder returns. While the news supports St. Joe's long-term investment narrative of developing Northwest Florida and generating recurring income, it doesn't radically change it, especially given the company's high debt load and premium valuation.
Taylor Larza to lead new PulteGroup Florida Panhandle division
PulteGroup has established a new Florida Panhandle division, appointing Taylor Larza as its vice president and market manager. This expansion builds on a previous agreement with The St. Joe Company for up to 2,653 homesites in Bay County, with initial development expected in 2027. The move aims to capitalize on strong demand in Florida and introduce PulteGroup's brands to the Northwest Florida market.
Is Dividend Hike And Buybacks-Fueled Capital Return Altering The Investment Case For St. Joe (JOE)?
St. Joe (JOE) recently reported strong Q2 2026 results, including increased revenue and net income, alongside a reaffirmed dividend and continued share buybacks. While these actions support the company's long-term growth narrative in Northwest Florida and emphasize shareholder returns, they don't fundamentally change the investment case. Key concerns remain the company's high debt load and premium valuation, with market reactions suggesting the news is incremental rather than transformative.
St. Joe Company (The) $JOE Shares Sold by Healthcare of Ontario Pension Plan Trust Fund
Healthcare of Ontario Pension Plan Trust Fund significantly reduced its stake in St. Joe Company, selling 88.8% of its shares in the first quarter and retaining 5,462 shares. Despite this, institutional investors still hold 86.67% of the company. St. Joe recently reported earnings of $0.71 per share, a market capitalization of $3.53 billion, and a dividend yield of 1.0%, though analyst sentiment remains cautious with a "Hold" rating.
First Trust Advisors LP Increases Stock Position in St. Joe Company (The) $JOE
First Trust Advisors LP significantly increased its stake in St. Joe Company, purchasing an additional 93,736 shares in the first quarter, bringing their total holdings to 127,557 shares valued at $8 million. Despite this, some insider selling occurred, with major shareholder Bruce R. Berkowitz selling 140,400 shares, and Weiss Ratings downgrading the stock to a "hold" rating. The company reported quarterly EPS of $0.71 on $158.86 million in revenue and declared a quarterly dividend of $0.16 per share.
Is St. Joe (JOE) Fairly Valued As Fresh Results Highlight A Big DCF Gap?
St. Joe (JOE) recently reported strong Q2 2026 results, including increased revenue, earnings, a dividend declaration, and share repurchases, leading to significant share price momentum. Despite a discounted cash flow (DCF) model suggesting a fair value of $149.53 per share against its current $62.24, implying undervaluation, the stock trades at a high P/E ratio compared to its industry and peers. This discrepancy suggests investors are paying a premium for current earnings, raising questions about whether the current business mix justifies this higher multiple.
St. Joe (NYSE:JOE) - Stock Analysis
This Simply Wall St report provides a detailed stock analysis of The St. Joe Company (NYSE:JOE), highlighting its performance, financial health, and dividend information. The company operates in real estate development, asset management, and operations in the United States, with a current market cap of US$3.7 billion. The analysis covers historical stock prices, recent news including dividend declarations and earnings reports, and expert opinions from various sources like Seeking Alpha.
St. Joe Q2 Earnings Call Highlights
St. Joe reported strong Q2 results with revenue up 23% to $158.9 million and net income up 37% to $40.5 million, marking its highest second-quarter revenue in 20 years and highest net income in company history (excluding a 1996 gain). The company saw increased gross margins across all operating segments and a significant 39% year-over-year increase in residential real estate revenue. St. Joe also strategically allocated capital, repurchasing $32.7 million in common stock and investing in future growth, while planning new utility corridors to support residential development and considering waterfront opportunities.
St. Joe Q2 2026: Revenue Hits $158.8M, Up 23% Year-Over-Year
The St. Joe Company (NYSE: JOE) reported Q2 2026 revenue of $158.8M, a 23% increase year-over-year, and basic net income per share of $0.71, matching analyst expectations. The company's growth was primarily driven by strong hospitality operations and steady real estate sales in Northwest Florida, with its hospitality segment leading all business lines with $74.2M in revenue. Despite solid operational results, the stock declined 2.5%, reflecting market skepticism and concerns about valuation and the housing market.
Front Street Capital Management Inc. Sells 47,365 Shares of St. Joe Company (The) $JOE
Front Street Capital Management Inc. reduced its stake in The St. Joe Company (NYSE:JOE) by 14.3% in the first quarter, selling 47,365 shares and retaining 282,984 shares valued at $17.8 million. The company's stock, trading at $63.14, has institutional ownership of 86.67%, with insiders selling 1 million shares recently. St. Joe also declared a quarterly dividend of $0.16 per share, yielding 1.0%, and maintains a consensus "Hold" rating from analysts.
Dimensional Fund Advisors LP Sells 39,399 Shares of St. Joe Company (The) $JOE
Dimensional Fund Advisors LP reduced its stake in The St. Joe Company (NYSE:JOE) by 2.9% in the first quarter, selling 39,399 shares. Other institutional investors adjusted their holdings, while Weiss Ratings downgraded St. Joe to a "Hold." The company recently announced a quarterly dividend and its stock performance metrics are detailed.
ETFs Investing in St. Joe Company Stocks
This article lists various Exchange Traded Funds (ETFs) that hold stocks of The St. Joe Company (JOE). It provides detailed data for each ETF, including market value, weight of JOE stock, issuer, management style, expense ratio, AUM, price, and 3-year NAV total return. The ETFs predominantly focus on small-cap and extended market strategies, with some specializing in real estate or dividend achievers.
