JOE Stock Recent News

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--Latitude Margaritaville Watersound development partners have announced that construction is underway on additional amenities at the community's Latitude Town Square. Latitude Margaritaville Watersound is being developed in a dynamic partnership between The St. Joe Company (NYSE: JOE) (“St. Joe”) and master developer Minto Communities USA (“Minto”), under licensing from global lifestyle brand Margaritaville Holdings. Latitude Margaritaville communities o.

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company Announces the Longleaf Art Park at the Watersound Origins Community.

Florida has seen a massive amount of migration to the state as more people move from the northern and western parts of the U.S. These trends have started to cool, but I think companies in Florida will be able to capitalize on the ongoing boom for a long time. Of course, it's not just the population boom that's making Florida a hot place to invest.

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) (“St. Joe”) announces the opening of several restaurant, retail and office tenants at Watersound Town Center, St. Joe's open-air lifestyle center at the entrance to the Watersound Origins® community in Inlet Beach, Florida. FedEx Office, friends 30A Burger Bar, Sweet Henrietta's, Nigel's Bananas and Watersound Executive Suites are now all open for business. These businesses join more than a dozen existing tenants in the g.

PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) (“St. Joe”) concluded its 2024 Annual Meeting of Shareholders and released a video featuring many of its residential, commercial and hospitality assets in Northwest Florida. The video was shown at the meeting on May 14, 2024, in Inlet Beach, Florida as a preview of a two-day market tour that followed the meeting. During the tour shareholders had the opportunity to visit many of the assets featured in the video. “We encour.

St. Joe Company is a real estate developer focused on the northwest Florida region, particularly Panama City. JOE owns a variety of properties including residential, hospitality, and business services, and has entitlements to develop more. The company's growth has been impressive in recent years, but it is exposed to risks such as regional market fluctuations and climate-related events.

On July 28, 2023, Bruce Berkowitz (Trades, Portfolio), the founder and Managing Member of the Fairholme Fund (Trades, Portfolio), reduced his stake in The St. Joe Co ( JOE , Financial), a prominent real estate development and asset management company. This article will delve into the details of the transaction, provide an overview of Berkowitz's investment philosophy, and analyze the performance of The St. Joe Co's stock.

Delays in homesite and home deliveries from supply chain disruptions have increased construction costs. Net income attributable to the Company in the reporting period was down 18 percent.

The St. Joe Company has benefited from the exodus out of the Northeast and places like Chicago since the pandemic, given its large land holdings in Florida. However, the shares have lost a third of their value as the housing market has cooled substantially as mortgage rates have spiked.

St. Joe's quarterly revenue looked concerning on the surface, but a closer look reveals the company continues to grow quickly.