Press coverage about TIER REIT (OTCMKTS:TIER) has been trending positive recently, according to AlphaOne. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TIER REIT earned a news impact score of 0.27 on AlphaOne’s scale. AlphaOne also gave media stories about the real estate investment trust an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
A number of brokerages recently weighed in on TIER. Zacks Investment Research lowered shares of TIER REIT from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. JMP Securities started coverage on shares of TIER REIT in a report on Friday, January 27th. They issued an “outperform” rating and a $21.00 price objective for the company. Finally, BMO Capital Markets started coverage on shares of TIER REIT in a research note on Thursday, December 22nd. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. TIER REIT presently has an average rating of “Hold” and an average target price of $17.67.
Shares of TIER REIT (OTCMKTS:TIER) traded down 0.51% during midday trading on Friday, hitting $17.61. 56,906 shares of the stock were exchanged. The firm’s 50-day moving average is $17.47 and its 200-day moving average is $16.80. TIER REIT has a 12 month low of $14.06 and a 12 month high of $18.80. The stock’s market cap is $842.09 million.
TIER REIT (OTCMKTS:TIER) last announced its quarterly earnings results on Monday, February 13th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.06. The firm had revenue of $54.08 million for the quarter, compared to analyst estimates of $55.16 million. Equities research analysts predict that TIER REIT will post ($0.02) earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were issued a $0.18 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.07%.
In other TIER REIT news, Director R Kent Griffin, Jr. bought 27,500 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was purchased at an average cost of $18.25 per share, for a total transaction of $501,875.00. Following the acquisition, the director now owns 11,101 shares of the company’s stock, valued at approximately $202,593.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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TIER REIT Company Profile
TIER REIT, Inc is a real estate investment trust. The Company’s business consists of owning, acquiring, developing, operating, investing in, and disposing of real estate assets. The Company’s business is conducted through Tier Operating Partnership LP (Tier OP). As of December 31, 2016, the Company owned interests in 29 operating office properties, one non-operating property and one development property located in 13 markets throughout the United States.
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