Dimensional Fund Advisors LP Boosts Stake in TIER REIT Inc (TIER)

Dimensional Fund Advisors LP increased its position in TIER REIT Inc (NYSE:TIER) by 9.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 540,880 shares of the real estate investment trust’s stock after purchasing an additional 46,696 shares during the period. Dimensional Fund Advisors LP owned 1.13% of TIER REIT worth $12,862,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TIER. Alpha Cubed Investments LLC purchased a new stake in TIER REIT during the 2nd quarter valued at approximately $217,000. Private Advisory Group LLC purchased a new stake in TIER REIT during the 2nd quarter valued at approximately $250,000. Prospera Financial Services Inc purchased a new stake in TIER REIT during the 2nd quarter valued at approximately $256,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TIER REIT by 161.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,635 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 7,800 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in TIER REIT during the 1st quarter valued at approximately $310,000. 64.99% of the stock is owned by institutional investors and hedge funds.

NYSE TIER opened at $22.60 on Thursday. TIER REIT Inc has a 12-month low of $17.04 and a 12-month high of $24.98. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 14.39 and a beta of 0.75.

TIER REIT (NYSE:TIER) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.53). TIER REIT had a negative return on equity of 2.59% and a negative net margin of 8.33%. The business had revenue of $53.99 million for the quarter, compared to analyst estimates of $52.00 million. Sell-side analysts forecast that TIER REIT Inc will post 1.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, September 13th. TIER REIT’s payout ratio is 45.86%.

Several analysts have commented on the company. Robert W. Baird upped their price objective on TIER REIT from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Zacks Investment Research downgraded TIER REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. TheStreet raised TIER REIT from a “d+” rating to a “c” rating in a research note on Monday, July 23rd. Finally, JMP Securities upped their price objective on TIER REIT from $25.00 to $27.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TIER REIT has a consensus rating of “Buy” and an average target price of $24.60.

TIER REIT Company Profile

TIER REIT, Inc is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. Our vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities.

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Institutional Ownership by Quarter for TIER REIT (NYSE:TIER)

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