Rocket Companies, Inc. Announces Dividend of $0.80 (NYSE:RKT)

Rocket Companies, Inc. (NYSE:RKT) announced a dividend on Monday, March 10th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.80 per share on Thursday, April 3rd. The ex-dividend date is Thursday, March 20th.

Rocket Companies Stock Down 1.5 %

RKT traded down $0.20 on Tuesday, reaching $13.16. The company’s stock had a trading volume of 14,429,284 shares, compared to its average volume of 3,237,391. Rocket Companies has a 1 year low of $10.06 and a 1 year high of $21.38. The business’s 50 day moving average is $12.45 and its 200 day moving average is $14.91. The company has a debt-to-equity ratio of 1.51, a current ratio of 15.47 and a quick ratio of 15.47. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of -82.22 and a beta of 2.39.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays dropped their price target on shares of Rocket Companies from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods boosted their target price on shares of Rocket Companies from $10.50 to $12.00 and gave the stock an “underperform” rating in a research report on Monday, March 3rd. Piper Sandler reduced their price target on shares of Rocket Companies from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Morgan Stanley decreased their price target on Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group upgraded Rocket Companies from a “sell” rating to a “neutral” rating and cut their price objective for the company from $12.50 to $11.50 in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.83.

Rocket Companies Company Profile

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.