Strategic Education, Inc. (NASDAQ:STRA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Strategic Education, Inc. (NASDAQ:STRA) have been assigned a consensus rating of “Buy” from the four ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $126.00.

Separately, Barrington Research restated an “outperform” rating and set a $135.00 price target on shares of Strategic Education in a research note on Tuesday, January 21st.

Strategic Education Price Performance

Shares of NASDAQ:STRA opened at $101.72 on Friday. The firm has a market capitalization of $2.50 billion, a PE ratio of 19.38, a P/E/G ratio of 1.22 and a beta of 0.59. The business has a 50-day moving average of $96.94 and a two-hundred day moving average of $94.84. Strategic Education has a 12 month low of $85.11 and a 12 month high of $123.62.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Monday, December 2nd. Strategic Education’s payout ratio is 45.71%.

Institutional Investors Weigh In On Strategic Education

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Strategic Education by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the health services provider’s stock valued at $281,000 after purchasing an additional 191 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Strategic Education by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,113 shares of the health services provider’s stock valued at $758,000 after purchasing an additional 205 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Strategic Education by 9.8% in the third quarter. HighTower Advisors LLC now owns 2,448 shares of the health services provider’s stock valued at $228,000 after purchasing an additional 218 shares during the last quarter. US Bancorp DE boosted its holdings in Strategic Education by 12.8% in the third quarter. US Bancorp DE now owns 1,938 shares of the health services provider’s stock valued at $179,000 after purchasing an additional 220 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Strategic Education by 7.5% in the fourth quarter. Bank of Montreal Can now owns 3,542 shares of the health services provider’s stock valued at $331,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.

Strategic Education Company Profile

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.