TIER REIT Inc (NYSE:TIER) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.33.
Several equities analysts recently commented on TIER shares. Zacks Investment Research upgraded TIER REIT from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, August 1st. JMP Securities boosted their target price on TIER REIT from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 8th. Finally, Robert W. Baird boosted their target price on TIER REIT from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th.
Hedge funds have recently modified their holdings of the business. TRUE Private Wealth Advisors bought a new stake in TIER REIT during the third quarter worth about $108,000. Alpha Cubed Investments LLC bought a new stake in TIER REIT during the second quarter worth about $217,000. First Trust Advisors LP bought a new stake in TIER REIT during the third quarter worth about $218,000. Envestnet Asset Management Inc. bought a new stake in TIER REIT during the third quarter worth about $223,000. Finally, Paloma Partners Management Co bought a new stake in TIER REIT during the second quarter worth about $242,000. 64.55% of the stock is owned by hedge funds and other institutional investors.
TIER REIT (NYSE:TIER) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. TIER REIT had a return on equity of 1.79% and a net margin of 5.92%. The business had revenue of $54.83 million during the quarter, compared to analysts’ expectations of $53.90 million. Equities research analysts predict that TIER REIT will post 1.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, December 13th. TIER REIT’s dividend payout ratio (DPR) is currently 45.86%.
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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