Equities research analysts expect that TIER REIT Inc (NYSE:TIER) will post earnings per share of $0.35 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TIER REIT’s earnings. TIER REIT reported earnings of $0.40 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 14th.
On average, analysts expect that TIER REIT will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.44. For the next year, analysts anticipate that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $1.55 to $1.57. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow TIER REIT.
TIER REIT (NYSE:TIER) last issued its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The company had revenue of $55.55 million for the quarter, compared to analysts’ expectations of $54.49 million. TIER REIT had a negative return on equity of 0.67% and a negative net margin of 2.30%.
Several research analysts recently commented on TIER shares. Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. BMO Capital Markets boosted their price target on TIER REIT from $24.00 to $29.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. JMP Securities reiterated a “buy” rating and issued a $27.00 price target on shares of TIER REIT in a research note on Wednesday, February 27th. Finally, Robert W. Baird cut TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 price target on the stock. in a research note on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.32.
In related news, insider Schelin Telisa Webb sold 4,375 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $28.42, for a total value of $124,337.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott W. Fordham sold 3,125 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $24.51, for a total value of $76,593.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,250 shares of company stock worth $848,902. Insiders own 1.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems bought a new stake in shares of TIER REIT in the fourth quarter valued at about $38,000. Quantamental Technologies LLC bought a new stake in shares of TIER REIT in the fourth quarter valued at about $92,000. Executive Wealth Management LLC bought a new stake in shares of TIER REIT in the fourth quarter valued at about $94,000. Daiwa Securities Group Inc. raised its position in TIER REIT by 12.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 900 shares in the last quarter. Finally, IFP Advisors Inc raised its position in TIER REIT by 8.5% in the fourth quarter. IFP Advisors Inc now owns 9,805 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 766 shares in the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.
Shares of TIER traded down $0.20 during midday trading on Wednesday, reaching $28.87. 2,636 shares of the company were exchanged, compared to its average volume of 913,519. The stock has a market cap of $1.56 billion, a PE ratio of 17.91 and a beta of 1.08. TIER REIT has a 1-year low of $18.06 and a 1-year high of $29.16.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, March 14th. TIER REIT’s dividend payout ratio (DPR) is 44.72%.
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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