Positive News Coverage Somewhat Unlikely to Impact TIER REIT (TIER) Stock Price

Media headlines about TIER REIT (NYSE:TIER) have been trending positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog 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 sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.7193956878219 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on TIER. Zacks Investment Research downgraded TIER REIT from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price objective on shares of TIER REIT in a research report on Thursday, November 9th. Cantor Fitzgerald started coverage on TIER REIT in a research report on Saturday, December 30th. They set an “overweight” rating and a $22.00 price objective on the stock. Finally, BidaskClub cut TIER REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. TIER REIT presently has a consensus rating of “Hold” and an average price target of $21.00.

TIER REIT (NYSE:TIER) traded up $0.50 during trading on Friday, reaching $17.74. The company’s stock had a trading volume of 220,104 shares, compared to its average volume of 205,567. TIER REIT has a 52 week low of $15.96 and a 52 week high of $20.72. The stock has a market capitalization of $824.81, a PE ratio of 9.75 and a beta of 0.76.

TIER REIT (NYSE:TIER) last released its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.53). TIER REIT had a net margin of 40.68% and a return on equity of 12.86%. The business had revenue of $50.92 million during the quarter. equities analysts expect that TIER REIT will post 1.54 EPS for the current fiscal year.

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 paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Wednesday, March 14th. TIER REIT’s dividend payout ratio (DPR) is presently 39.56%.

In other TIER REIT news, insider William J. Reister sold 7,500 shares of the 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 sale, the insider now directly owns 82,736 shares in the company, valued at $1,623,280.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company 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.

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

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