A number of firms have modified their ratings and price targets on shares of TIER REIT (OTCMKTS: TIER) recently:

  • 9/7/2017 – TIER REIT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “Tier REIT Inc. is a real estate investment trust which focused on commercial office real estate. It operates primarily in Atlanta, Georgia, Chicago, Illinois, Louisville and Kentucky. Tier REIT Inc. is based in Dallas, Texas. “
  • 9/6/2017 – TIER REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tier REIT Inc. is a real estate investment trust which focused on commercial office real estate. It operates primarily in Atlanta, Georgia, Chicago, Illinois, Louisville and Kentucky. Tier REIT Inc. is based in Dallas, Texas. “
  • 8/29/2017 – TIER REIT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Tier REIT Inc. is a real estate investment trust which focused on commercial office real estate. It operates primarily in Atlanta, Georgia, Chicago, Illinois, Louisville and Kentucky. Tier REIT Inc. is based in Dallas, Texas. “
  • 8/26/2017 – TIER REIT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Tier REIT Inc. is a real estate investment trust which focused on commercial office real estate. It operates primarily in Atlanta, Georgia, Chicago, Illinois, Louisville and Kentucky. Tier REIT Inc. is based in Dallas, Texas. “

TIER REIT Inc (OTCMKTS:TIER) traded up 0.76% during trading on Friday, reaching $18.60. The company’s stock had a trading volume of 342,842 shares. TIER REIT Inc has a 52-week low of $14.06 and a 52-week high of $18.95. The firm’s 50-day moving average is $18.26 and its 200-day moving average is $17.64. The stock has a market cap of $889.88 million and a P/E ratio of 9.47.

TIER REIT (OTCMKTS:TIER) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. TIER REIT had a positive return on equity of 2.28% and a negative net margin of 4.62%. The company had revenue of $54.55 million during the quarter, compared to analysts’ expectations of $52.39 million. Equities research analysts forecast that TIER REIT Inc will post $2.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, September 14th.

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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