News stories about TIER REIT (NYSE:TIER) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TIER REIT earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.8041378298839 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Digital Realty (DLR) to Post Q4 Earnings: What’s in Store? (msn.com)
- TIER REIT Announces Exit from Baltimore with Sale of 500 East Pratt (finance.yahoo.com)
- Tier Reit reports 4Q results (cnbc.com)
- BMO Capital Markets Reiterates Buy Rating for TIER REIT (TIER) (americanbankingnews.com)
- TIER REIT Announces Fourth Quarter & Full Year 2017 Financial Results (finance.yahoo.com)
TIER has been the subject of a number of research analyst reports. Cantor Fitzgerald began coverage on shares of TIER REIT in a research report on Saturday, December 30th. They set an “overweight” rating and a $22.00 price objective for the company. Zacks Investment Research upgraded shares of TIER REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets restated a “buy” rating and issued a $20.00 price target on shares of TIER REIT in a research report on Thursday, November 9th. Finally, BidaskClub cut shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. TIER REIT has an average rating of “Hold” and an average price target of $21.33.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, March 14th. TIER REIT’s dividend payout ratio (DPR) is currently 41.38%.
In other TIER REIT news, insider William J. Reister sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $19.62, for a total value of $147,150.00. Following the completion of the transaction, the insider now directly owns 82,736 shares in the company, valued at approximately $1,623,280.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
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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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