Comstock Holding Companies (NASDAQ:CHCI) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a report issued on Tuesday 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 research note on Tuesday, March 12th.

Comstock Holding Companies Trading Up 1.2 %

CHCI stock opened at $6.52 on Tuesday. The firm has a 50 day simple moving average of $4.99 and a 200-day simple moving average of $4.64. Comstock Holding Companies has a twelve month low of $3.47 and a twelve month high of $6.81. The company has a market capitalization of $63.96 million, a P/E ratio of 8.58 and a beta of 0.85.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHCI. Dimensional Fund Advisors LP increased its stake 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 worth $134,000 after purchasing an additional 5,849 shares in the last quarter. Royal Bank of Canada increased its stake 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 worth $134,000 after purchasing an additional 11,526 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 worth $668,000 after purchasing an additional 5,800 shares in the last quarter. 6.45% of the stock is owned by institutional investors and hedge funds.

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.