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

Research analysts at StockNews.com began coverage on shares of Comstock Holding Companies (NASDAQ:CHCI – Get Rating) in a note issued to investors on Sunday. The firm set a “buy” rating on the construction company’s stock.

Comstock Holding Companies Trading Down 0.5 %

Shares of NASDAQ:CHCI opened at $3.76 on Friday. The stock has a market capitalization of $36.24 million, a PE ratio of 4.37 and a beta of 1.02. Comstock Holding Companies has a 1 year low of $3.47 and a 1 year high of $6.94. The firm has a fifty day moving average price of $4.16 and a 200 day moving average price of $4.47.

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Comstock Holding Companies (NASDAQ:CHCI – Get Rating) last issued its quarterly earnings data on Friday, May 12th. The construction company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $10.28 million during the quarter. Comstock Holding Companies had a net margin of 14.15% and a return on equity of 21.56%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Comstock Holding Companies stock. Dimensional Fund Advisors LP boosted its position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI – Get Rating) by 22.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,441 shares of the construction company’s stock after acquiring an additional 5,849 shares during the period. Dimensional Fund Advisors LP owned 0.33% of Comstock Holding Companies worth $134,000 at the end of the most recent quarter. 6.20% of the stock is owned by hedge funds and other institutional investors.

Comstock Holding Companies Company Profile

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Comstock Holding Companies, Inc operates as a real estate asset manager 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 provides a suite of asset management, property management, development and construction management, and other real estate services to its asset-owning clients composes primarily of institutional real estate investors, high net worth family offices, and governmental bodies with surplus real estate holdings.

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