Comstock Holding Companies (NASDAQ:CHCI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Comstock Holding Companies (NASDAQ:CHCI) from a strong-buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Comstock Holding Companies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Comstock Holding Companies Stock Down 3.9%

Shares of NASDAQ:CHCI opened at $17.88 on Friday. The company’s 50-day moving average price is $19.07 and its 200 day moving average price is $16.15. The company has a market cap of $183.81 million, a PE ratio of 7.54 and a beta of -0.42. Comstock Holding Companies has a fifty-two week low of $10.14 and a fifty-two week high of $22.07.

Comstock Holding Companies (NASDAQ:CHCI) last posted its earnings results on Thursday, November 5th. The construction company reported $0.06 EPS for the quarter. Comstock Holding Companies had a net margin of 30.43% and a return on equity of 33.50%. The firm had revenue of $17.86 million during the quarter.

Institutional Trading of Comstock Holding Companies

A number of hedge funds and other institutional investors have recently modified their holdings of CHCI. Pekin Hardy Strauss Inc. acquired a new stake in shares of Comstock Holding Companies in the third quarter valued at $568,000. Integrated Wealth Concepts LLC acquired a new position in Comstock Holding Companies during the second quarter worth about $45,000. Navellier & Associates Inc. grew its holdings in Comstock Holding Companies by 159.2% during the second quarter. Navellier & Associates Inc. now owns 37,569 shares of the construction company’s stock worth $601,000 after acquiring an additional 23,072 shares during the period. Dimensional Fund Advisors LP raised its position in Comstock Holding Companies by 7.8% in the first 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 in the last quarter. Finally, Renaissance Technologies LLC raised its position in Comstock Holding Companies by 1.8% in the first quarter. Renaissance Technologies LLC now owns 180,479 shares of the construction company’s stock worth $3,418,000 after acquiring an additional 3,213 shares in the last quarter. Institutional investors own 6.45% of the company’s stock.

Comstock Holding Companies Company Profile

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.