Rocket Companies, Inc. Declares 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 of this dividend is Thursday, March 20th.

Rocket Companies Trading Down 1.5 %

NYSE:RKT traded down $0.20 during mid-day trading 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. 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 P/E ratio of -82.22 and a beta of 2.39. The company’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $14.91. Rocket Companies has a twelve month low of $10.06 and a twelve month high of $21.38.

Wall Street Analysts Forecast Growth

RKT has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Rocket Companies from $14.00 to $15.00 and gave the company an “underperform” rating in a report on Thursday, November 14th. Morgan Stanley lowered their price objective on shares of 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. Keefe, Bruyette & Woods increased their target price on Rocket Companies from $10.50 to $12.00 and gave the stock an “underperform” rating in a research report on Monday, March 3rd. Barclays reduced their target price on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Finally, Piper Sandler dropped their price target on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.83.

About Rocket Companies

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.