Independent Order of Foresters held its position in shares of TIER REIT Inc (OTCMKTS:TIER) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 55,438 shares of the real estate investment trust’s stock at the end of the second quarter. TIER REIT makes up approximately 0.8% of Independent Order of Foresters’ investment portfolio, making the stock its 29th largest position. Independent Order of Foresters owned 0.12% of TIER REIT worth $1,024,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in TIER REIT by 0.3% in the second quarter. Great West Life Assurance Co. Can now owns 30,381 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 76 shares during the period. Wells Fargo & Company MN raised its position in TIER REIT by 0.3% in the first quarter. Wells Fargo & Company MN now owns 66,198 shares of the real estate investment trust’s stock worth $1,149,000 after buying an additional 180 shares during the period. Russell Investments Group Ltd. raised its position in TIER REIT by 3.5% in the second quarter. Russell Investments Group Ltd. now owns 16,207 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 547 shares during the period. Arete Wealth Advisors LLC raised its position in TIER REIT by 5.6% in the first quarter. Arete Wealth Advisors LLC now owns 11,431 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 604 shares during the period. Finally, Honkamp Krueger Financial Services Inc. raised its position in TIER REIT by 5.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 14,066 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 765 shares during the period.

Shares of TIER REIT Inc (OTCMKTS TIER) opened at 18.04 on Tuesday. The firm has a 50 day moving average price of $18.03 and a 200-day moving average price of $17.62. The firm has a market cap of $862.33 million and a P/E ratio of 10.71. TIER REIT Inc has a one year low of $14.06 and a one year high of $18.95.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 3.99%.

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A number of equities analysts have commented on the company. Zacks Investment Research upgraded TIER REIT from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Friday, June 16th. TheStreet upgraded TIER REIT from a “d+” rating to a “c” rating in a research note on Monday, June 5th. Finally, BMO Capital Markets set a $20.00 price objective 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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Institutional Ownership by Quarter for TIER REIT (OTCMKTS:TIER)

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