TIER REIT (TIER) Releases FY 2019 Earnings Guidance

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%.

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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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