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Comstock Holding Companies (CHCI) has 1 split in our CHCI split history database. The split for CHCI took place on September 28, 2015. This was a 1 for 7 reverse split, meaning for each 7 shares of CHCI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split.
When a company such as Comstock Holding Companies conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CHCI split history from start to finish, an original position size of 1000 shares would have turned into 142.857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Comstock Holding Companies shares, starting with a $10,000 purchase of CHCI, presented on a split-history-adjusted basis factoring in the complete CHCI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-10.15%|
|About Comstock Holding Companies|
|Comstock Holding Companies is a multi-faceted real estate asset management, development and services company. Co. operates through two primary real estate focused platforms: CDS Asset Management, LC, which focuses on providing asset management and development services to a range of commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and transit oriented developments; and Comstock Real Estate Services, LC, which provides a range of real estate services in the areas of corporate planning, capital markets, brokerage services, and environmental and design based services. According to our CHCI split history records, Comstock Holding Companies has had 1 split.|
|CHCI Split History Table|
|09/28/2015||1 for 7|
|Services Stock Splits|
|CHCI is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CHCI shares outstanding history