Northern Trust Corp Acquires 11,550 Shares of TIER REIT Inc (TIER)

Northern Trust Corp grew its holdings in shares of TIER REIT Inc (OTCMKTS:TIER) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 795,118 shares of the real estate investment trust’s stock after purchasing an additional 11,550 shares during the quarter. Northern Trust Corp owned approximately 1.66% of TIER REIT worth $14,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TIER. Teachers Advisors LLC boosted its stake in TIER REIT by 377.7% during the 2nd quarter. Teachers Advisors LLC now owns 455,516 shares of the real estate investment trust’s stock worth $8,418,000 after purchasing an additional 360,165 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in TIER REIT by 41.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 893,499 shares of the real estate investment trust’s stock worth $16,512,000 after purchasing an additional 260,977 shares during the last quarter. Private Management Group Inc. boosted its stake in TIER REIT by 19.5% during the 2nd quarter. Private Management Group Inc. now owns 1,136,024 shares of the real estate investment trust’s stock worth $20,994,000 after purchasing an additional 185,440 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TIER REIT by 120.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 293,134 shares of the real estate investment trust’s stock worth $5,089,000 after purchasing an additional 160,166 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in TIER REIT by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,836,570 shares of the real estate investment trust’s stock worth $101,323,000 after purchasing an additional 159,282 shares during the last quarter.

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TIER REIT Inc (OTCMKTS:TIER) opened at 19.57 on Wednesday. The stock’s 50 day moving average is $19.31 and its 200 day moving average is $18.08. The firm has a market cap of $936.29 million and a PE ratio of 9.96. TIER REIT Inc has a 12 month low of $14.06 and a 12 month high of $20.00.

TIER REIT (OTCMKTS:TIER) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $54.55 million during the quarter, compared to analysts’ expectations of $52.39 million. TIER REIT had a positive return on equity of 2.28% and a negative net margin of 4.62%. On average, equities analysts forecast that TIER REIT Inc will post $2.14 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. 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 given a buy rating to the company’s stock. TIER REIT currently has an average rating of “Hold” and an average price target of $20.67.

TIER REIT 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.

Institutional Ownership by Quarter for TIER REIT (OTCMKTS:TIER)

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