Comstock Holding Companies (NASDAQ:CHCI) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research report sent to investors on Monday morning. The brokerage issued a buy rating on the construction company’s stock.

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

Comstock Holding Companies Price Performance

CHCI opened at $5.40 on Monday. The company has a market cap of $52.97 million, a price-to-earnings ratio of 7.11 and a beta of 0.85. The firm has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $4.58. Comstock Holding Companies has a fifty-two week low of $3.47 and a fifty-two week high of $6.54.

Comstock Holding Companies (NASDAQ:CHCI) last released its quarterly earnings results on Thursday, March 21st. The construction company reported $0.18 earnings per share for the quarter. The company 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 Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in shares of Comstock Holding Companies by 56.0% in the second 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 increased its position in Comstock Holding Companies by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock worth $134,000 after acquiring an additional 5,849 shares during the period. Finally, Renaissance Technologies LLC increased its position in Comstock Holding Companies by 3.8% during the second quarter. Renaissance Technologies LLC now owns 159,464 shares of the construction company’s stock worth $668,000 after acquiring an additional 5,800 shares during the period. Institutional investors and hedge funds own 6.45% of the company’s stock.

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.