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

Comstock Holding Companies (NASDAQ:CHCI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Comstock Holding Companies Price Performance

Shares of CHCI stock traded up $0.27 during midday trading on Monday, reaching $8.43. 36,247 shares of the company traded hands, compared to its average volume of 20,186. Comstock Holding Companies has a 1-year low of $3.90 and a 1-year high of $14.48. The firm has a market cap of $83.37 million, a PE ratio of 14.29 and a beta of 0.74. The firm’s 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $7.96.

Institutional Investors Weigh In On Comstock Holding Companies

An institutional investor recently raised its position in Comstock Holding Companies stock. Geode Capital Management LLC increased its position in shares of Comstock Holding Companies, Inc. (NASDAQ:CHCI) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 170,117 shares of the construction company’s stock after acquiring an additional 4,371 shares during the quarter. Geode Capital Management LLC owned approximately 1.73% of Comstock Holding Companies worth $1,700,000 as of its most recent filing with the SEC. 6.45% of the stock is owned by institutional investors and hedge funds.

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.