TIER REIT (TIER) Cut to “Hold” at ValuEngine

ValuEngine lowered shares of TIER REIT (NYSE:TIER) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other equities analysts also recently issued reports on the stock. TheStreet downgraded shares of TIER REIT from a c rating to a d+ rating in a research note on Wednesday, March 28th. Zacks Investment Research downgraded shares of TIER REIT from a hold rating to a sell rating in a research note on Friday, March 9th. Cantor Fitzgerald set a $22.00 price objective on shares of TIER REIT and gave the company a buy rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets set a $21.00 price objective on shares of TIER REIT and gave the company a buy rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $21.33.

NYSE TIER opened at $18.55 on Monday. TIER REIT has a 1 year low of $15.96 and a 1 year high of $20.72. The firm has a market capitalization of $875.58, a price-to-earnings ratio of 11.81 and a beta of 0.75.



TIER REIT (NYSE:TIER) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.62). TIER REIT had a net margin of 38.94% and a return on equity of 12.09%. The company had revenue of $54.63 million during the quarter, compared to analyst estimates of $56.06 million. equities research analysts forecast that TIER REIT will post 1.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.88%. TIER REIT’s dividend payout ratio (DPR) is 45.86%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new stake in shares of TIER REIT during the fourth quarter worth about $219,000. MetLife Investment Advisors LLC acquired a new stake in shares of TIER REIT during the fourth quarter worth about $456,000. LPL Financial LLC acquired a new stake in shares of TIER REIT during the fourth quarter worth about $367,000. Millennium Management LLC boosted its stake in shares of TIER REIT by 27.1% during the fourth quarter. Millennium Management LLC now owns 184,583 shares of the real estate investment trust’s stock worth $3,764,000 after buying an additional 39,301 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of TIER REIT by 0.8% during the fourth quarter. Teachers Advisors LLC now owns 457,599 shares of the real estate investment trust’s stock worth $9,330,000 after buying an additional 3,707 shares during the period. Institutional investors and hedge funds own 61.98% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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