Comstock Holding Companies (NASDAQ:CHCI) Research Coverage Started at StockNews.com

Posted by Latisha Jones on Aug 3rd, 2024

StockNews.com initiated coverage on shares of Comstock Holding Companies (NASDAQ:CHCI – Free Report) in a research note released on Wednesday. The brokerage issued a hold rating on the construction company’s stock.

Comstock Holding Companies Stock Down 0.5 %

Shares of CHCI stock opened at $6.32 on Wednesday. The stock has a market cap of $62.06 million, a price-to-earnings ratio of 8.10 and a beta of 0.74. Comstock Holding Companies has a fifty-two week low of $3.85 and a fifty-two week high of $8.56. The firm’s 50 day moving average price is $6.32 and its two-hundred day moving average price is $5.87.

Comstock Holding Companies (NASDAQ:CHCI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The construction company reported $0.09 earnings per share for the quarter. The firm had revenue of $10.64 million for the quarter. Comstock Holding Companies had a net margin of 17.61% and a return on equity of 22.60%.

Insider Buying and Selling at Comstock Holding Companies

In other Comstock Holding Companies news, COO Timothy Steffan sold 5,911 shares of Comstock Holding Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $7.89, for a total transaction of $46,637.79. Following the transaction, the chief operating officer now directly owns 95,221 shares of the company’s stock, valued at $751,293.69. The sale was disclosed in a filing with the SEC, which is available at this link. 39.95% of the stock is currently owned by corporate insiders.

Comstock Holding Companies Company Profile

(Get Free Report)

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.