Wall Street brokerages expect TIER REIT Inc (NYSE:TIER) to announce earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for TIER REIT’s earnings. TIER REIT posted earnings of $0.41 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 22%. The firm is scheduled to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that TIER REIT will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.49. For the next financial year, analysts anticipate that the business will post earnings of $1.53 per share, with EPS estimates ranging from $1.50 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow TIER REIT.
TIER REIT (NYSE:TIER) last released its earnings results on Monday, February 12th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.62). TIER REIT had a return on equity of 12.09% and a net margin of 38.94%. The business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $56.06 million.
Several research firms have weighed in on TIER. Zacks Investment Research cut TIER REIT from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Cantor Fitzgerald set a $22.00 target price on TIER REIT and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Finally, BMO Capital Markets set a $21.00 target price on TIER REIT and gave the stock a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. TIER REIT presently has an average rating of “Hold” and a consensus target price of $21.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIER. Ameriprise Financial Inc. bought a new stake in TIER REIT during the second quarter worth $327,000. Dimensional Fund Advisors LP lifted its stake in shares of TIER REIT by 27.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 374,157 shares of the real estate investment trust’s stock valued at $6,913,000 after acquiring an additional 81,023 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of TIER REIT by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,485 shares of the real estate investment trust’s stock valued at $711,000 after acquiring an additional 1,157 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of TIER REIT by 4.8% in the 3rd quarter. First Trust Advisors LP now owns 58,205 shares of the real estate investment trust’s stock valued at $1,123,000 after acquiring an additional 2,640 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of TIER REIT by 269.9% in the 3rd quarter. American Century Companies Inc. now owns 163,255 shares of the real estate investment trust’s stock valued at $3,151,000 after acquiring an additional 119,119 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Shares of TIER REIT (NYSE:TIER) opened at $18.99 on Thursday. TIER REIT has a 12 month low of $15.96 and a 12 month high of $20.72. The firm has a market capitalization of $903.30 and a price-to-earnings ratio of 10.79.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 14th. TIER REIT’s payout ratio is presently 40.91%.
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TIER REIT Company 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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