News stories about TIER REIT (NYSE:TIER) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TIER REIT earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.1344066513818 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of research analysts recently issued reports on TIER shares. BidaskClub upgraded shares of TIER REIT from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of TIER REIT from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Cantor Fitzgerald started coverage on shares of TIER REIT in a report on Friday, December 22nd. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $20.00 price objective on shares of TIER REIT in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. TIER REIT has an average rating of “Hold” and a consensus target price of $21.00.
TIER REIT (NYSE:TIER) opened at $19.42 on Thursday. TIER REIT has a fifty-two week low of $15.96 and a fifty-two week high of $20.72. The stock has a market cap of $943.94, a P/E ratio of 10.67 and a beta of 0.94.
In other TIER REIT news, insider William J. Reister sold 7,500 shares of the firm’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 transaction of $147,150.00. Following the completion of the transaction, the insider now owns 82,736 shares in the company, valued at approximately $1,623,280.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
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About TIER REIT
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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