Strategic Education, Inc. (STRA) to Issue Quarterly Dividend of $0.60 on June 2nd

Strategic Education, Inc. (NASDAQ:STRA) declared a quarterly dividend on Tuesday, May 20th, RTT News reports. Stockholders of record on Friday, May 23rd will be paid a dividend of 0.60 per share by the health services provider on Monday, June 2nd. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, May 23rd.

Strategic Education has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Strategic Education to earn $5.64 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 42.6%.

Strategic Education Stock Down 0.4%

Shares of STRA opened at $90.20 on Wednesday. The company’s fifty day moving average is $82.91 and its 200-day moving average is $91.02. Strategic Education has a 12 month low of $74.28 and a 12 month high of $121.60. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.22 and a beta of 0.52.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The company had revenue of $303.59 million for the quarter, compared to analyst estimates of $300.67 million. During the same quarter in the prior year, the business posted $1.11 EPS. Strategic Education’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts predict that Strategic Education will post 4.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STRA shares. Truist Financial set a $105.00 target price on shares of Strategic Education in a research note on Thursday, April 24th. Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Strategic Education in a research note on Tuesday, April 15th. BMO Capital Markets raised their target price on shares of Strategic Education from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a report on Friday, April 25th.

Insider Buying and Selling at Strategic Education

In other Strategic Education news, CFO Daniel Wayne Jackson sold 6,025 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total value of $589,425.75. Following the completion of the sale, the chief financial officer now directly owns 81,756 shares of the company’s stock, valued at $7,998,189.48. This represents a 6.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Lizette Benedi Herraiz sold 1,452 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $82.21, for a total transaction of $119,368.92. Following the transaction, the general counsel now directly owns 61,716 shares of the company’s stock, valued at $5,073,672.36. The trade was a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,826 shares of company stock valued at $3,945,093 in the last ninety days. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Strategic Education

A hedge fund recently raised its stake in Strategic Education stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Strategic Education, Inc. (NASDAQ:STRA) by 3.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,195 shares of the health services provider’s stock after acquiring an additional 487 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Strategic Education worth $1,360,000 as of its most recent filing with the SEC. 93.27% of the stock is currently owned by institutional investors and hedge funds.

About Strategic Education

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.