TIER REIT (NYSE:TIER) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.40-1.48 for the period.
NYSE TIER traded up $0.69 on Monday, hitting $24.71. 366,512 shares of the stock were exchanged, compared to its average volume of 274,368. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.74 and a beta of 1.05. TIER REIT has a 52-week low of $17.04 and a 52-week high of $24.98.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, March 14th. TIER REIT’s payout ratio is 45.86%.
About TIER REIT
TIER REIT, Inc is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. Our vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities.
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