BlackRock Discloses 12.59% Stake in The St. Joe Company

In a 13G filing on The St. Joe Company (JOE), BlackRock Inc (BLK) disclosed today a 12.59% (11.6 million shares, up from 23,000 share position at the end of 9/30) ownership stake in the company. A 13G indicates a “passive investment”.

The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate, Commercial Real Estate, Rural Land Sales, and Forestry.

Shares of St. Joe Co. are currently up 1.65% at $23.43 per share during Monday midday trading.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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