TIER REIT (TIER) Receiving Favorable Press Coverage, Study Shows

News headlines about TIER REIT (NYSE:TIER) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TIER REIT earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.098427095423 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of research firms have recently weighed in on TIER. BidaskClub downgraded TIER REIT from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded TIER REIT from a “buy” rating to a “sell” rating in a report on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and set a $20.00 target price on shares of TIER REIT in a report on Thursday, November 9th. Finally, Cantor Fitzgerald set a $22.00 price target on TIER REIT and gave the company a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.00.

TIER REIT (TIER) opened at $18.82 on Monday. The company has a market capitalization of $900.41, a PE ratio of 10.34 and a beta of 0.76. TIER REIT has a 52 week low of $15.96 and a 52 week high of $20.72.

TIER REIT (NYSE:TIER) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.53). The company had revenue of $50.92 million during the quarter. TIER REIT had a net margin of 40.68% and a return on equity of 12.86%. equities research analysts predict that TIER REIT will post 1.5 earnings per share for the current fiscal year.

In related news, insider William J. Reister sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was 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 owns 82,736 shares of the company’s stock, valued at $1,623,280.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for TIER REIT (NYSE:TIER)

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