TIER REIT (TIER) Earning Somewhat Favorable Media Coverage, Study Shows

Headlines about TIER REIT (NYSE:TIER) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TIER REIT earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.9144688875574 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern’s rankings:

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Shares of TIER stock traded down $0.34 during trading hours on Friday, reaching $18.48. The company had a trading volume of 148,143 shares, compared to its average volume of 150,746. TIER REIT has a one year low of $15.96 and a one year high of $20.72. The firm has a market capitalization of $883.21, a PE ratio of 11.77 and a beta of 0.78.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were paid a $0.18 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.90%. TIER REIT’s dividend payout ratio is presently 45.86%.

Several brokerages have issued reports on TIER. Cantor Fitzgerald began coverage on shares of TIER REIT in a report on Saturday, December 30th. They issued an “overweight” rating and a $22.00 target price for the company. Zacks Investment Research cut shares of TIER REIT from a “hold” rating to a “sell” rating in a report on Friday, January 5th. TheStreet cut shares of TIER REIT from a “c” rating to a “d+” rating in a report on Wednesday. Finally, BMO Capital Markets set a $21.00 price target on shares of TIER REIT and gave the stock a “buy” rating in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. TIER REIT currently has a consensus rating of “Hold” and an average price target of $21.33.

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TIER REIT, Inc is a real estate investment trust. The Company’s business consists of owning, acquiring, developing, operating, investing in, and disposing of real estate assets. The Company’s business is conducted through Tier Operating Partnership LP (Tier OP). As of December 31, 2016, the Company owned interests in 29 operating office properties, one non-operating property and one development property located in 13 markets throughout the United States.

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