TIER REIT (TIER) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for TIER REIT (NYSE: TIER):

  • 3/9/2018 – TIER REIT was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 3/6/2018 – TIER REIT was given a new $22.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock.
  • 2/28/2018 – TIER REIT was given a new $22.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock.
  • 2/22/2018 – TIER REIT was given a new $22.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock. They wrote, “Today, TIER announced the disposition of Centreport Office Center, Fort Worth, TX, for $12.7m. This follows the disposition of 500 East Pratt for $60m, through which the company exited the Baltimore market. The company has Loop Central, Houston, under contract, with an expected sale in 1Q18.””
  • 2/13/2018 – TIER REIT was given a new $22.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock.
  • 2/12/2018 – TIER REIT was given a new $21.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 1/19/2018 – TIER REIT was given a new $22.00 price target on by analysts at Cantor Fitzgerald. They now have a “buy” rating on the stock. They wrote, “Third & Shoal Pre-leasing at 90% Implies Strength in Austin Office Market. Yesterday, TIER announced pre-leasing at Third & Shoal development in Austin CBD, bringing pre-leased space to 90% (delivery date is 3Q18). Prior to this announcement, the asset was 67% pre-leased with Facebook being the major tenant. We model a development yield of 8.9% and an exit cap rate of 5.5%.””

Shares of TIER REIT Inc (TIER) traded up $0.01 during trading hours on Thursday, reaching $19.00. 115,902 shares of the company’s stock traded hands, compared to its average volume of 195,445. TIER REIT Inc has a 1 year low of $15.96 and a 1 year high of $20.72. The company has a market capitalization of $907.60 and a P/E ratio of 10.80.

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TIER REIT (NYSE:TIER) last issued its earnings results on Monday, February 12th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.62). The firm had revenue of $54.63 million during the quarter, compared to the consensus estimate of $56.06 million. TIER REIT had a net margin of 38.94% and a return on equity of 12.09%. equities research analysts predict that TIER REIT Inc will post 1.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Wednesday, March 14th. TIER REIT’s dividend payout ratio (DPR) is presently 40.91%.

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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