Comstock Holding Companies, Inc. develops, operates, and manages of mixed-use and transit-oriented properties primarily in the Washington, D.C. metropolitan area. The company operates a portfolio of 34 operating assets, which include 14 commercial assets totaling approximately 2.2 million square feet; 6 multifamily assets totaling 1,636 units; and 14 commercial garages with approximately 11,000 parking spaces. It also has 18 development pipeline assets consisting of approximately 2.0 million square feet of additional planned commercial development; approximately 1,900 multifamily units; and 2 hotel assets. In addition, the company provides real estate development and management services. It primarily serves private and institutional owners; investors in commercial, residential, and mixed-use real estate; and various governmental bodies. The company was formerly known as Comstock Homebuilding Companies, Inc. and changed its name to Comstock Holding Companies, Inc. in June 2012. Comstock Holding Companies, Inc. was founded in 1985 and is headquartered in Reston, Virginia.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Comstock Holding Companies in a report on Wednesday. They issued a "buy" rating on the stock.
Comstock Holding Companies Stock Up 0.2 %
CHCI Stock opened at $4.36 on Thursday. The firm has a market cap of $36.36 million, a price-to-earnings ratio of 2.54 and a beta of 1.12. Comstock Holding Companies has a 12-month low of $3.86 and a 12-month high of $6.24. The company's fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.73.
Comstock Holding Companies (NASDAQ:CHCI - Get Rating) last announced its quarterly earnings data on Monday, May 16th. The construction company reported $0.22 earnings per share for the quarter. Comstock Holding Companies had a net margin of 13.12% and a return on equity of 33.07%. The firm had revenue of $8.73 million for the quarter.