TIER REIT Inc (TIER) To Go Ex-Dividend on September 28th
TIER REIT Inc (OTCMKTS:TIER) announced a quarterly dividend on Friday, August 5th. Investors of record on Friday, September 30th will be given a dividend of 0.18 per share on Friday, October 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of TIER REIT (OTCMKTS:TIER) opened at 15.97 on Friday. The firm’s 50-day moving average price is $16.12 and its 200-day moving average price is $15.34. TIER REIT has a 12 month low of $12.52 and a 12 month high of $17.81. The stock’s market capitalization is $762.50 million.
TIER REIT (OTCMKTS:TIER) last posted its earnings results on Monday, August 8th. The company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. The business had revenue of $64.30 million for the quarter, compared to analyst estimates of $70 million. On average, equities research analysts forecast that TIER REIT will post $1.56 EPS for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, August 16th. JPMorgan Chase & Co. initiated coverage on TIER REIT in a research report on Thursday, June 2nd. They set a “neutral” rating and a $16.00 price objective on the stock.
About TIER REIT
TIER REIT, Inc is a self-managed real estate investment trust. The Company is engaged in acquiring, developing and operating a portfolio of office properties in certain markets of the United States. The Company’s business is primarily conducted through Tier Operating Partnership LP. The Company holds interests in approximately 30 operating office properties, over two non-operating properties and a development property located in approximately 20 markets across the United States.
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