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

StockNews.com upgraded shares of Comstock Holding Companies (NASDAQ:CHCI) from a hold rating to a buy rating in a report released on Monday.

Comstock Holding Companies Stock Performance

Shares of Comstock Holding Companies stock opened at $9.19 on Monday. Comstock Holding Companies has a 1 year low of $3.90 and a 1 year high of $14.48. The company has a market capitalization of $90.88 million, a P/E ratio of 15.58 and a beta of 0.64. The company’s fifty day moving average is $10.17 and its two-hundred day moving average is $7.98.

Institutional Trading of Comstock Holding Companies

A hedge fund recently raised its stake in Comstock Holding Companies stock. Geode Capital Management LLC grew its position in Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,117 shares of the construction company’s stock after acquiring an additional 4,371 shares during the period. Geode Capital Management LLC owned about 1.73% of Comstock Holding Companies worth $1,700,000 at the end of the most recent quarter. 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.