The St. Joe Company
In the published model solve dated 2026-Q2, anchored at $61.81, The St. Joe Company (JOE) is priced for today's economics sustained for ~6.9 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• The St. Joe Company is essentially a single, irreplaceable land position in Northwest Florida being slowly converted into homes, hotels, and leased commercial space, so the business is less a developer competing for sites than a landowner monetizing a bank it already holds at a low cost basis. • The concentration that is the moat is also the risk: the company tells investors success ⟦"will be dependent on continued strong"⟧ growth in Northwest Florida and that events such as hurricanes may dra
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307 institutional managers reported holding JOE in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 66%. 36 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 727k shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
JOE has cut its share count 2.4% over the past five years, spending $65.44M on repurchases. It pays a dividend, and has for 6 years running, raised 5 years straight; the current rate is $0.58 a share annually. Cash returned over the past three years: $87.16M in dividends and $45.47M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at JOE over the trailing three years: 2024: 1 buy totaling $90k. 5 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
JOE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | +19.0% | -13.4% |
| 2023-10-26 | -5.0% | +29.6% |
| 2024-02-22 | +3.3% | +3.3% |
| 2024-04-25 | +1.4% | -7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
JOE's latest 8-K filings: 2026-07-29 (items 2.02, 8.01, 9.01); 2026-05-14 (items 5.07); 2026-05-12 (items 7.01, 9.01); 2026-05-04 (items 8.01); 2026-04-29 (items 2.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.