Comstock Holding Companies (NASDAQ:CHCI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Comstock Holding Companies from “strong buy” to “hold.” Weiss Ratings, however, upgraded it from “buy (b-)” to “buy (b),” and MarketBeat reports an average “Buy” rating.
• Shares opened at $17.88; the 52-week range is $10.14–$22.07. The company’s market capitalization is about $183.8 million.
• For its latest reported quarter, Comstock posted EPS of $0.06 and revenue of $17.86 million, with a 35.6% return on equity and a 32.16% net margin.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Comstock Holding Companies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Comstock Holding Companies has an average rating of "Buy".

Comstock Holding Companies Stock Performance

Shares of Comstock Holding Companies stock opened at $17.88 on Friday. The stock has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $16.15. Comstock Holding Companies has a 52 week low of $10.14 and a 52 week high of $22.07. The stock has a market capitalization of $183.81 million, a PE ratio of 7.81 and a beta of -0.42.

Comstock Holding Companies (NASDAQ:CHCI - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The construction company reported $0.06 earnings per share (EPS) for the quarter. Comstock Holding Companies had a return on equity of 35.60% and a net margin of 32.16%. The firm had revenue of $17.86 million during the quarter.

Institutional Trading of Comstock Holding Companies

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in Comstock Holding Companies in the 2nd quarter worth $45,000. Renaissance Technologies LLC lifted its position in Comstock Holding Companies by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company's stock worth $3,418,000 after buying an additional 3,213 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Comstock Holding Companies by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,922 shares of the construction company's stock worth $964,000 after acquiring an additional 3,704 shares during the last quarter. Corsair Capital Management L.P. increased its position in Comstock Holding Companies by 8.4% in the first quarter. Corsair Capital Management L.P. now owns 49,236 shares of the construction company's stock worth $933,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Navellier & Associates Inc. grew its holdings in Comstock Holding Companies by 159.2% in the second quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company's stock worth $601,000 after purchasing an additional 23,072 shares during the last quarter. Institutional investors and hedge funds own 6.45% of the company's stock.

About Comstock Holding Companies

Comstock Holding Companies, Inc is a real estate development and asset management company focused on mixed-use and transit-oriented properties. The company plans, develops, owns, operates and manages residential, office, retail, entertainment and hospitality assets, with an emphasis on creating walkable, amenity-rich communities.

Comstock's activities are concentrated primarily in the Washington, DC, metropolitan area, particularly Northern Virginia. Its portfolio and development projects have included large-scale urban communities such as Reston Station, which combines multifamily housing, office space, retail, dining, entertainment and public amenities near major transportation infrastructure.

The company has a history dating to the 1980s and has evolved from a residential and land development business into an integrated real estate platform.

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