Comstock Holding Companies (NASDAQ:CHCI) Issues Earnings Results

Comstock Holding Companies (NASDAQ:CHCI) released its quarterly earnings results on Thursday. The construction company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%. The company had revenue of $17.86 million during the quarter.

Comstock Holding Companies Price Performance

NASDAQ CHCI opened at $18.83 on Friday. Comstock Holding Companies has a 12 month low of $10.14 and a 12 month high of $22.07. The firm has a market capitalization of $193.57 million, a PE ratio of 7.98 and a beta of -0.42. The company’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $16.12.

Institutional Investors Weigh In On Comstock Holding Companies

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Comstock Holding Companies during the second quarter worth about $45,000. Pekin Hardy Strauss Inc. acquired a new stake in Comstock Holding Companies in the 3rd quarter valued at about $568,000. Navellier & Associates Inc. boosted its position in shares of Comstock Holding Companies by 159.2% during the 2nd quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock valued at $601,000 after purchasing an additional 23,072 shares in the last quarter. Corsair Capital Management L.P. boosted its position in shares of Comstock Holding Companies by 8.4% during the 1st quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company’s stock valued at $933,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Comstock Holding Companies by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company’s stock valued at $964,000 after purchasing an additional 3,704 shares in the last quarter. 6.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHCI. Wall Street Zen upgraded shares of Comstock Holding Companies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Weiss Ratings raised shares of Comstock Holding Companies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Comstock Holding Companies Company Profile

Comstock Holding Companies, Inc is a real estate development and asset management company focused on mixed-use and transit-oriented properties. The company plans, develops, owns, operates and manages residential, office, retail, entertainment and hospitality assets, with an emphasis on creating walkable, amenity-rich communities.

Comstock’s activities are concentrated primarily in the Washington, DC, metropolitan area, particularly Northern Virginia. Its portfolio and development projects have included large-scale urban communities such as Reston Station, which combines multifamily housing, office space, retail, dining, entertainment and public amenities near major transportation infrastructure.

The company has a history dating to the 1980s and has evolved from a residential and land development business into an integrated real estate platform.