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Saturday, June 19, 2021

Why the Comstock Holding Companies Inc. (CHCI) stock sliding down in pre-market?

Comstock Holding Companies Inc. (NASDAQ: CHCI) stock declined by 4.45% in the last trading session, while the CHCI stock shows a downswing of 11.29% during pre-market. Regarding this decrease in stock, there is no relevant news or press release available. Comstock Holding is a leading real estate developer, investor, asset manager, and real estate-related service provider. CHCI has designed, developed, and managed many residential units and millions of square feet of mixed-use projects since 1985.


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Recent Developments:

Comstock Holding Companies, Inc., on February 11, announced that one of its managed companies, CRS Hotel, LC, has signed an agreement with Marriot International, planning to design Virginia’s first JW Marriot at Reston Station. The project cost is approximately $250 million. It is expected that it will be the centerpiece of the next phase of CHCI’s 60+ acre mixed-use and transit-oriented Reston Station development.

Comstock Holding Companies CEO said that they are excited great expecting benefits from this agreement to attract the business and social functions from around the Washington DC area. It also fulfills our corporate office clients’ demands, including Google, Rolls Royce of North America, Neustar, ICF Global, and others.

On February 8, 2021, CHCI recorded its Q3 earning per share of 0.05, which shows a decrease of 64.29% compared to Q2 when it was 0.14. Also, CHCI does not possess a dividend yield; therefore, investors should be careful while planning to invest in CHCI stock, especially for a long-term period. 

Lastly, it is being reported on February 10, that Comstock Holding Companies EPS (earning per share) went from US$0.085 to US$0.40 in just one year but when we look at the growing earnings, what matters is whether something substantial is happening for the company or is it was just a temporary boost.

Conclusion

The revenue of CHCI is growing, and its EBIT margins are up from 5.0% to 12%. Therefore, the shareholders can trust Comstock Holding for future investments. The growing revenue and EBIT margins are a good sign of growth for any company.

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