TIER REIT Inc (OTCMKTS:TIER) to Release Earnings on Monday
TIER REIT Inc (OTCMKTS:TIER) will release its earnings data after the market closes on Monday, August 7th. Analysts expect TIER REIT to post earnings of ($0.16) per share for the quarter.
Shares of TIER REIT Inc (TIER) opened at 18.15 on Friday. The firm has a market capitalization of $867.59 million and a PE ratio of 10.77. The company’s 50 day moving average is $18.03 and its 200 day moving average is $17.62. TIER REIT Inc has a 12-month low of $14.06 and a 12-month high of $18.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.97%.
A number of research firms recently issued reports on TIER. TheStreet raised TIER REIT from a “d+” rating to a “c” rating in a research note on Monday, June 5th. Zacks Investment Research raised TIER REIT from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BMO Capital Markets set a $20.00 target price on TIER REIT and gave the stock a “buy” rating in a research note on Thursday, May 11th.
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.
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