TIER REIT (TIER) Receives Daily Coverage Optimism Rating of 0.11

Media headlines about TIER REIT (NYSE:TIER) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TIER REIT earned a news impact score of 0.11 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.0581169329744 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of TIER REIT (TIER) traded down $0.01 during mid-day trading on Monday, reaching $19.15. The company had a trading volume of 31,238 shares, compared to its average volume of 197,424. The firm has a market cap of $915.72, a price-to-earnings ratio of 10.99 and a beta of 0.78. TIER REIT has a twelve month low of $15.96 and a twelve month high of $20.72.

TIER REIT (NYSE:TIER) last announced its quarterly 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 company had revenue of $54.63 million during the quarter, compared to analyst estimates of $56.06 million. TIER REIT had a net margin of 38.94% and a return on equity of 12.09%. sell-side analysts anticipate that TIER REIT will post 1.37 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.76%. The ex-dividend date is Wednesday, March 14th. TIER REIT’s dividend payout ratio is 41.38%.

Several analysts have recently weighed in on TIER shares. Cantor Fitzgerald set a $22.00 price objective on TIER REIT and gave the stock a “buy” rating in a report on Friday, January 19th. Zacks Investment Research raised TIER REIT from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets set a $21.00 price objective on TIER REIT and gave the stock a “buy” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. TIER REIT currently has an average rating of “Hold” and a consensus price target of $21.33.

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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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