Investors Sell TIER REIT (TIER) on Strength (TIER)

Investors sold shares of TIER REIT Inc (NYSE:TIER) on strength during trading hours on Friday. $2.04 million flowed into the stock on the tick-up and $39.41 million flowed out of the stock on the tick-down, for a money net flow of $37.37 million out of the stock. Of all companies tracked, TIER REIT had the 0th highest net out-flow for the day. TIER REIT traded up $0.04 for the day and closed at $23.86

A number of equities research analysts have recently issued reports on TIER shares. JMP Securities boosted their price objective on shares of TIER REIT from $25.00 to $27.00 and gave the company a “market outperform” rating in a research report on Wednesday. TheStreet raised shares of TIER REIT from a “d+” rating to a “c” rating in a research report on Monday, July 23rd. Zacks Investment Research raised shares of TIER REIT from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, August 1st. JPMorgan Chase & Co. raised shares of TIER REIT from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 31st. Finally, ValuEngine raised shares of TIER REIT from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. TIER REIT has an average rating of “Buy” and an average price target of $24.60.

The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.47 and a beta of 0.77.

TIER REIT (NYSE:TIER) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.53). The firm had revenue of $53.99 million during the quarter, compared to the consensus estimate of $52.00 million. TIER REIT had a negative return on equity of 2.59% and a negative net margin of 8.33%. sell-side analysts predict that TIER REIT Inc will post 1.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, September 13th. TIER REIT’s dividend payout ratio is currently 45.86%.

A number of institutional investors have recently modified their holdings of TIER. SG Americas Securities LLC bought a new position in shares of TIER REIT during the 1st quarter valued at about $125,000. Meeder Asset Management Inc. raised its position in shares of TIER REIT by 596.2% during the 1st quarter. Meeder Asset Management Inc. now owns 7,958 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 6,815 shares in the last quarter. Alpha Cubed Investments LLC purchased a new stake in shares of TIER REIT during the 2nd quarter valued at about $217,000. IFP Advisors Inc raised its position in shares of TIER REIT by 66.0% during the 1st quarter. IFP Advisors Inc now owns 9,283 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,690 shares in the last quarter. Finally, Private Advisory Group LLC purchased a new stake in shares of TIER REIT during the 2nd quarter valued at about $250,000. 62.94% of the stock is owned by institutional investors.

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

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