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%.
ILLEGAL ACTIVITY NOTICE: This piece was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://dakotafinancialnews.com/2019/02/11/tier-reit-tier-updates-fy-2019-earnings-guidance.html.
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)
Receive News & Ratings for TIER REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIER REIT and related companies with MarketBeat.com's FREE daily email newsletter.