The St. Joe (JOE) Positions to Benefit from Land Appreciation and Population Migration

3 weeks ago 9

Soumya Eswaran

Mon, July 20, 2026 astatine 9:25 AM CDT 3 min read

Praetorian Capital, an concern absorption company, released its second-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. A transcript of the missive tin beryllium downloaded here. In the 4th of 2026, the Praetorian Capital Fund LLC (the "Fund") depreciated by 4.39% nett of fees. The steadfast anticipates important volatility from 4th to 4th owed to the Fund's concentrated portfolio attack and accent connected asymmetric opportunities. Both the Event-Driven publication and the fund's halfway portfolio declined moderately successful the quarter. The missive highlighted the market's complexity and noted a setback successful the portfolio this 4th contempt beardown first-quarter earnings. Conversely, the missive besides noted that the AI buildout represented a important superior misallocation. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its Q2 2026 capitalist letter, Praetorian Capital highlighted The St. Joe Company (NYSE:JOE). The St. Joe Company (NYSE:JOE) is simply a existent property development, plus management, and operating company. On July 17, 2026, The St. Joe Company (NYSE:JOE) closed astatine $60.55 per share, reflecting a marketplace capitalization of $3.48 billion. The St. Joe Company (NYSE:JOE) posted a one-month instrumentality of -7.88%, portion its shares gained 21.26% implicit the past 52 weeks.

Praetorian Capital stated the pursuing regarding The St. Joe Company (NYSE:JOE) successful its Q2 2026 capitalist update:

"The St. Joe Company (NYSE:JOE) owns astir 165,000 acres successful the Florida Panhandle. It has been wide known that JOE traded for a tiny fraction of its liquidation worth for years, but without a catalyst, it was ever perceived to beryllium "dead money."

Over the past fewer years, the colonisation of the Panhandle has deed a captious wide wherever the Panhandle present has a halfway of gravity that is attracting radical who privation to unrecorded successful 1 of the prettiest places successful the country, with zero authorities income taxes and fewer of the problems of ample cities.

The oddity of the existent disdain for alleged "value investments" is that galore of them are increasing rather fast. I judge that JOE whitethorn turn gross astatine a accelerated complaint for the foreseeable future, with net increasing astatine a overmuch faster clip. Meanwhile, I judge the shares commercialized astatine an charismatic aggregate connected Adjusted Funds from Operations (AFFO), portion important plus worth is tossed successful for free...." (Click present to work the afloat text)

The St. Joe Company (NYSE:JOE) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 29 hedge money portfolios held The St. Joe Company (NYSE:JOE) astatine the extremity of the archetypal quarter, compared to 31 successful the erstwhile quarter. While we admit the imaginable of The St. Joe Company (NYSE:JOE) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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