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

Research analysts at StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCIGet Free Report) in a research report issued on Sunday. The firm set a “buy” rating on the construction company’s stock.

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

View Our Latest Analysis on Comstock Holding Companies

Comstock Holding Companies Trading Up 1.2 %

Shares of Comstock Holding Companies stock opened at $5.15 on Friday. The company has a fifty day simple moving average of $4.78 and a 200-day simple moving average of $4.55. The stock has a market cap of $50.52 million, a price-to-earnings ratio of 6.78 and a beta of 0.85. Comstock Holding Companies has a 12-month low of $3.47 and a 12-month high of $6.54.

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

Hedge Funds Weigh In On Comstock Holding Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Comstock Holding Companies by 22.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 31,441 shares of the construction company’s stock valued at $134,000 after acquiring an additional 5,849 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of 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 during the period. Finally, Renaissance Technologies LLC increased its position in shares of Comstock Holding Companies by 3.8% in 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 in the last quarter. Institutional investors and hedge funds own 6.45% of the company’s stock.

About Comstock Holding Companies

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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.

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