Teachers Insurance & Annuity Association of America raised its holdings in shares of TIER REIT Inc (NYSE:TIER) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,543 shares of the real estate investment trust’s stock after purchasing an additional 4,132 shares during the quarter. Teachers Insurance & Annuity Association of America owned approximately 0.11% of TIER REIT worth $1,112,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TIER. Schroder Investment Management Group purchased a new stake in shares of TIER REIT in the third quarter worth about $121,000. Advisors Asset Management Inc. purchased a new stake in shares of TIER REIT in the third quarter worth about $130,000. Sei Investments Co. lifted its holdings in shares of TIER REIT by 96.1% in the third quarter. Sei Investments Co. now owns 6,871 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 3,367 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of TIER REIT in the third quarter worth about $179,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of TIER REIT in the fourth quarter worth about $202,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.
TIER REIT Inc (TIER) opened at $19.09 on Tuesday. The firm has a market cap of $915.72, a P/E ratio of 12.28 and a beta of 0.78. TIER REIT Inc has a 52-week low of $15.96 and a 52-week high of $20.72.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, March 14th. TIER REIT’s dividend payout ratio (DPR) is 41.38%.
A number of equities research analysts have recently issued reports on TIER shares. BMO Capital Markets set a $21.00 price target on shares of TIER REIT and gave the stock a “buy” rating in a report on Monday, February 12th. Cantor Fitzgerald started coverage on shares of TIER REIT in a report on Saturday, December 30th. They issued an “overweight” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research raised shares of TIER REIT from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. TIER REIT has a consensus rating of “Hold” and a consensus target price of $21.33.
TIER REIT Profile
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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