TIER REIT Inc (NYSE:TIER) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.13.
A number of analysts have recently issued reports on TIER shares. BMO Capital Markets lifted their price target on TIER REIT from $24.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. JMP Securities reiterated a “buy” rating and set a $27.00 price target on shares of TIER REIT in a research report on Wednesday, February 27th. Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Robert W. Baird downgraded TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 price target for the company. in a research report on Tuesday, March 26th.
In related news, insider Schelin Telisa Webb sold 2,250 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $26.02, for a total value of $58,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott W. Fordham sold 4,375 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $27.75, for a total value of $121,406.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,100 shares of company stock valued at $747,626. Corporate insiders own 1.40% of the company’s stock.
Shares of TIER traded down $0.12 during trading hours on Wednesday, reaching $27.30. 224,081 shares of the company’s stock traded hands, compared to its average volume of 456,703. The company has a market cap of $1.54 billion, a PE ratio of 16.96 and a beta of 1.04. TIER REIT has a 12 month low of $19.59 and a 12 month high of $29.16.
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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