StockNews.com Begins Coverage on Comstock Holding Companies (NASDAQ:CHCI)

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

Separately, TheStreet lowered shares of Comstock Holding Companies from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th.

Comstock Holding Companies Stock Up 3.5 %

Comstock Holding Companies stock opened at $6.44 on Tuesday. The company’s fifty day simple moving average is $4.96 and its 200-day simple moving average is $4.63. Comstock Holding Companies has a 12 month low of $3.47 and a 12 month high of $6.64. The stock has a market cap of $63.18 million, a P/E ratio of 8.47 and a beta of 0.85.

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

Institutional Investors Weigh In On Comstock Holding Companies

Several institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in Comstock Holding Companies by 56.0% during the 2nd quarter. Royal Bank of Canada now owns 32,126 shares of the construction company’s stock worth $134,000 after acquiring an additional 11,526 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Comstock Holding Companies by 22.9% during the 4th 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 last quarter. Finally, Renaissance Technologies LLC lifted its position in Comstock Holding Companies by 3.8% during the 2nd 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 last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

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.