TIER REIT (TIER) Updates FY 2019 Earnings Guidance

TIER REIT (NYSE:TIER) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.40-1.48 for the period.

Shares of TIER stock traded up $0.69 during mid-day trading on Monday, reaching $24.71. 366,500 shares of the company were exchanged, compared to its average volume of 274,368. The company has a market capitalization of $1.29 billion, a P/E ratio of 15.74 and a beta of 1.05. TIER REIT has a fifty-two week low of $17.04 and a fifty-two week high of $24.98.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, March 14th. TIER REIT’s dividend payout ratio is presently 45.86%.

TIER has been the subject of a number of recent analyst reports. Zacks Investment Research raised TIER REIT from a sell rating to a hold rating in a research report on Saturday, December 1st. ValuEngine downgraded TIER REIT from a buy rating to a hold rating in a research report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $24.60.

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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.

See Also: Consumer Price Index (CPI)

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