Fannie Mae, Freddie Mac shares tumble after conservatorship comments
RESTON, Va.—David M. Guernsey, a director at Comstock Holding Companies, Inc. (NASDAQ:CHCI), a real estate development firm with an excellent financial health score according to InvestingPro, recently executed sales of the company’s Class A common stock totaling $100,066. The transactions were executed over two days, with Guernsey selling 6,660 shares on June 5 at a price of $10.01 per share and 3,340 shares on June 6 at $10.00 per share. Following these transactions, Guernsey’s direct ownership stands at 46,527 shares. The stock, currently trading at a P/E ratio of 6.66 with a 68% return over the past year, appears undervalued based on InvestingPro’s Fair Value analysis. Discover 12 additional key insights about CHCI with an InvestingPro subscription.
In other recent news, Comstock Holding Companies, Inc. has announced a new lease agreement with KPUB, a Korean-Irish fusion restaurant and bar, to be located within the BLVD Ansel complex in Rockville, Maryland. The establishment will occupy a 6,600-square-foot space and is set to offer a unique dining and nightlife experience. Comstock’s Chief Operating Officer, Tim Steffan, expressed enthusiasm for this addition, which aligns with the company’s strategy of creating vibrant, transit-oriented communities. In a separate announcement, Comstock continues its partnership with the Dulles Greenway for the 5th annual Run The Greenway charity event. This event, scheduled for May 2025, aims to support over 15 local non-profits and foster community engagement. Participants can take part in various races, including 5K and 10K options, with all proceeds benefiting the participating charities. Comstock’s Chief Marketing Officer, Tracy Schar, emphasized the company’s commitment to community strengthening through such events. Both developments reflect Comstock’s ongoing efforts to enhance community spaces and contribute to regional growth.
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