Alexander & Baldwin Holdings (ALEX) and Comstock Holding Companies (CHCI) Critical Analysis

Alexander & Baldwin Holdings (NYSE: ALEX) and Comstock Holding Companies (NASDAQ:CHCI) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, analyst recommendations, risk, institutional ownership, dividends, valuation and earnings.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Alexander & Baldwin Holdings and Comstock Holding Companies, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Alexander & Baldwin Holdings 0 0 1 0 3.00
Comstock Holding Companies 0 0 0 0 N/A

Alexander & Baldwin Holdings presently has a consensus price target of $50.00, indicating a potential upside of 12.11%. Given Alexander & Baldwin Holdings’ higher possible upside, equities analysts plainly believe Alexander & Baldwin Holdings is more favorable than Comstock Holding Companies.

Volatility & Risk

Alexander & Baldwin Holdings has a beta of 1.46, suggesting that its share price is 46% more volatile than the S&P 500. Comparatively, Comstock Holding Companies has a beta of -0.34, suggesting that its share price is 134% less volatile than the S&P 500.

Insider and Institutional Ownership

74.0% of Alexander & Baldwin Holdings shares are held by institutional investors. Comparatively, 9.9% of Comstock Holding Companies shares are held by institutional investors. 7.6% of Alexander & Baldwin Holdings shares are held by company insiders. Comparatively, 46.4% of Comstock Holding Companies shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Dividends

Alexander & Baldwin Holdings pays an annual dividend of $0.28 per share and has a dividend yield of 0.6%. Comstock Holding Companies does not pay a dividend. Alexander & Baldwin Holdings pays out 75.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Alexander & Baldwin Holdings has raised its dividend for 3 consecutive years.

Earnings and Valuation

This table compares Alexander & Baldwin Holdings and Comstock Holding Companies’ gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio NetIncome Earnings Per Share Price/Earnings Ratio
Alexander & Baldwin Holdings $387.50 million 5.66 -$10.20 million $0.37 120.54
Comstock Holding Companies $41.58 million 0.13 -$8.99 million ($1.47) -1.10

Comstock Holding Companies has higher revenue, but lower earnings than Alexander & Baldwin Holdings. Comstock Holding Companies is trading at a lower price-to-earnings ratio than Alexander & Baldwin Holdings, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Alexander & Baldwin Holdings and Comstock Holding Companies’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Alexander & Baldwin Holdings 4.15% 3.89% 2.18%
Comstock Holding Companies -13.37% -92.61% -7.17%

Summary

Alexander & Baldwin Holdings beats Comstock Holding Companies on 12 of the 15 factors compared between the two stocks.

About Alexander & Baldwin Holdings

Alexander & Baldwin, Inc. (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016. On the United States mainland, the Company owned seven remaining commercial assets, as of December 31, 2016. The Commercial Real Estate segment owns, operates and manages retail, industrial and office properties in Hawaii and on the Mainland. The Land Operations segment manages the Company’s land and real estate-related assets and deploys these assets to their use. The Materials and Construction segment performs asphalt paving as prime contractor and subcontractor; imports and sells liquid asphalt; mines, processes and sells basalt aggregate, and produces and sells asphaltic and ready-mix concrete.

About Comstock Holding Companies

Comstock Holding Companies, Inc. (Comstock ), formerly Comstock Homebuilding Companies, Inc. is a diversified real estate development and services company focused on the Washington, D.C. metropolitan area. The Company builds a range of products including apartments, single-family homes, townhouses, mid-rise condominiums, high-rise multi-family condominiums and mixed-use (residential and commercial) developments. As of December 31, 2011, the Company had built and delivered more than 5,300 homes. The Company has built homes and apartment buildings in suburban communities, where it focuses on low density products. The Company’s apartment buildings are developed as rental properties to be held and operated for its own purposes, converted at some point to for-sale condominium units or sold on a merchant build basis. In March 7, 2012, Cascades II completed the sale of its Potomac Square Apartment project to an affiliate of CAPREIT Acquisition Corporation.

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