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

Stock analysts at StockNews.com started coverage on shares of Comstock Holding Companies (NASDAQ:CHCI) in a research 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 report on Tuesday, March 12th.

Comstock Holding Companies Stock Performance

Shares of Comstock Holding Companies stock opened at $6.77 on Tuesday. Comstock Holding Companies has a 52-week low of $3.47 and a 52-week high of $6.81. The stock has a market capitalization of $66.41 million, a price-to-earnings ratio of 8.91 and a beta of 0.85. The company has a fifty day moving average of $5.03 and a 200-day moving average of $4.65.

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. Comstock Holding Companies had a net margin of 17.41% and a return on equity of 23.57%. The company had revenue of $11.02 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings 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. Royal Bank of Canada raised its holdings 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, Dimensional Fund Advisors LP grew its position in shares of 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 buying an additional 5,849 shares during the period. 6.45% of the stock is currently owned by institutional investors.

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.