Comstock Holding Companies (NASDAQ:CHCI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report issued on Tuesday. The firm issued a buy rating on the construction company’s stock.

Separately, TheStreet downgraded shares of Comstock Holding Companies from a b- rating to a c+ rating in a report on Tuesday, March 12th.

Comstock Holding Companies Trading Up 5.6 %

NASDAQ CHCI opened at $7.18 on Tuesday. The company has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $4.68. The company has a market cap of $70.41 million, a P/E ratio of 9.45 and a beta of 0.85. Comstock Holding Companies has a 1 year low of $3.47 and a 1 year high of $7.20.

Comstock Holding Companies (NASDAQ:CHCI) last posted its quarterly earnings data on Thursday, March 21st. The construction company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $11.02 million during the quarter. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%.

Institutional Trading of Comstock Holding Companies

A number of hedge funds have recently bought and sold shares of CHCI. Royal Bank of Canada boosted its holdings in Comstock Holding Companies by 56.0% in the 2nd quarter. Royal Bank of Canada now owns 32,126 shares of the construction company’s stock valued at $134,000 after purchasing an additional 11,526 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Comstock Holding Companies by 22.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock valued at $134,000 after purchasing an additional 5,849 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Comstock Holding Companies by 3.8% in the 2nd quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company’s stock valued at $668,000 after purchasing an additional 5,800 shares during the period. 6.45% of the stock is owned by institutional investors.

About Comstock Holding Companies

Comstock Holding Companies, Inc operates as a real estate asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, DC region. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It also provides various asset and property management, development and construction management, and other real estate services to its asset-owning clients, which include primarily of institutional real estate investors, high net worth family offices, and governmental bodies.