Securian Asset Management Inc Purchases New Position in TIER REIT Inc (TIER)

Securian Asset Management Inc purchased a new position in shares of TIER REIT Inc (NYSE:TIER) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,200 shares of the real estate investment trust’s stock, valued at approximately $788,000. Securian Asset Management Inc owned 0.07% of TIER REIT at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TIER. Rhumbline Advisers increased its position in TIER REIT by 46.2% during the fourth quarter. Rhumbline Advisers now owns 83,932 shares of the real estate investment trust’s stock worth $1,732,000 after purchasing an additional 26,506 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in TIER REIT by 26.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 23,560 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 5,000 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in TIER REIT during the fourth quarter worth about $92,000. State of New Jersey Common Pension Fund D increased its position in TIER REIT by 7.2% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,500 shares of the real estate investment trust’s stock worth $3,064,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Strs Ohio increased its position in TIER REIT by 11.9% during the fourth quarter. Strs Ohio now owns 93,164 shares of the real estate investment trust’s stock worth $1,921,000 after purchasing an additional 9,890 shares during the last quarter. 69.62% of the stock is owned by hedge funds and other institutional investors.

Shares of TIER stock opened at $24.33 on Wednesday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.50 and a beta of 1.05. TIER REIT Inc has a 1-year low of $17.50 and a 1-year high of $25.20.

TIER REIT (NYSE:TIER) last announced its earnings results on Monday, February 11th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. The company had revenue of $55.55 million during the quarter, compared to analyst estimates of $54.49 million. TIER REIT had a net margin of 5.92% and a return on equity of 1.79%. As a group, equities analysts forecast that TIER REIT Inc will post 1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, March 14th. TIER REIT’s payout ratio is 45.86%.

Several research analysts have weighed in on TIER shares. Zacks Investment Research lowered shares of TIER REIT from a “hold” rating to a “sell” rating in a research note on Friday, December 14th. ValuEngine lowered shares of TIER REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.50.

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TIER REIT Company Profile

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

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