Comstock Holding Companies (NASDAQ:CHCI) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Comstock Holding Companies (NASDAQ:CHCI) from a hold rating to a buy rating in a research note published on Monday morning.

Comstock Holding Companies Price Performance

Shares of NASDAQ:CHCI opened at $8.43 on Monday. Comstock Holding Companies has a 1-year low of $3.90 and a 1-year high of $14.48. The business has a fifty day moving average price of $10.17 and a 200-day moving average price of $7.96. The company has a market capitalization of $83.37 million, a PE ratio of 14.29 and a beta of 0.74.

Institutional Investors Weigh In On Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC increased its holdings in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 170,117 shares of the construction company’s stock after buying an additional 4,371 shares during the quarter. Geode Capital Management LLC owned about 1.73% of Comstock Holding Companies worth $1,700,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.45% of the company’s stock.

About Comstock Holding Companies

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.