TIER REIT (NYSE:TIER) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.40-1.48 for the period.
A number of brokerages have issued reports on TIER. Zacks Investment Research lowered TIER REIT from a hold rating to a sell rating in a research report on Tuesday, November 20th. ValuEngine downgraded TIER REIT from a buy rating to a hold rating in a report on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. TIER REIT currently has a consensus rating of Buy and an average target price of $24.60.
NYSE TIER traded up $0.69 during mid-day trading on Monday, hitting $24.71. The company’s stock had a trading volume of 366,500 shares, compared to its average volume of 274,368. TIER REIT has a 52-week low of $17.04 and a 52-week high of $24.98. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.74 and a beta of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, March 14th. TIER REIT’s dividend payout ratio (DPR) is 45.86%.
ILLEGAL ACTIVITY NOTICE: “TIER REIT (TIER) Releases FY 2019 Earnings Guidance” was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.americanbankingnews.com/2019/02/11/tier-reit-tier-releases-fy-2019-earnings-guidance.html.
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.
Further Reading: What is the price-sales ratio?
Receive News & Ratings for TIER REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIER REIT and related companies with MarketBeat.com's FREE daily email newsletter.