TIER REIT Inc (OTCMKTS:TIER) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04, Bloomberg Earnings reports. TIER REIT had a net margin of 174.73% and a return on equity of 59.24%. The firm had revenue of $54.55 million for the quarter, compared to analysts’ expectations of $52.39 million.

Shares of TIER REIT (OTCMKTS:TIER) traded up 1.83% during midday trading on Tuesday, reaching $18.37. 40,881 shares of the company traded hands. The company has a 50 day moving average price of $18.03 and a 200 day moving average price of $17.62. TIER REIT has a 1-year low of $14.06 and a 1-year high of $18.95. The company has a market capitalization of $878.10 million and a PE ratio of 10.90.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Thursday, September 14th.

A number of equities research analysts have recently commented on TIER shares. Zacks Investment Research upgraded shares of TIER REIT from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Friday, June 16th. TheStreet upgraded shares of TIER REIT from a “d+” rating to a “c” rating in a report on Monday, June 5th. Finally, BMO Capital Markets set a $20.00 price target on shares of TIER REIT and gave the company a “buy” rating in a report on Thursday, May 11th.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of TIER REIT by 128.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 132,968 shares of the real estate investment trust’s stock worth $2,312,000 after buying an additional 74,680 shares during the last quarter. AQR Capital Management LLC raised its position in shares of TIER REIT by 28.6% in the fourth quarter. AQR Capital Management LLC now owns 76,956 shares of the real estate investment trust’s stock worth $1,338,000 after buying an additional 17,110 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of TIER REIT by 9.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,440 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 5,643 shares during the last quarter. Teachers Advisors LLC raised its position in shares of TIER REIT by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 89,489 shares of the real estate investment trust’s stock worth $1,556,000 after buying an additional 1,016 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of TIER REIT by 2.7% in the first quarter. Koshinski Asset Management Inc. now owns 112,369 shares of the real estate investment trust’s stock worth $1,951,000 after buying an additional 2,928 shares during the last quarter.

About TIER REIT

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.

Earnings History for TIER REIT (OTCMKTS:TIER)

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