Strs Ohio Cuts Position in TIER REIT Inc (TIER)
Strs Ohio cut its position in shares of TIER REIT Inc (OTCMKTS:TIER) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,130 shares of the real estate investment trust’s stock after selling 10,869 shares during the period. Strs Ohio’s holdings in TIER REIT were worth $1,388,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of TIER REIT by 128.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 132,968 shares of the real estate investment trust’s stock valued at $2,312,000 after buying an additional 74,680 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of TIER REIT by 9.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,440 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 5,643 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of TIER REIT by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 89,489 shares of the real estate investment trust’s stock valued at $1,556,000 after buying an additional 1,016 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of TIER REIT by 10.2% in the first quarter. Sigma Planning Corp now owns 27,871 shares of the real estate investment trust’s stock valued at $484,000 after buying an additional 2,572 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of TIER REIT during the first quarter valued at $135,000.
Shares of TIER REIT Inc (OTCMKTS TIER) opened at 17.89 on Friday. The firm’s 50-day moving average is $18.16 and its 200 day moving average is $17.63. The stock has a market cap of $855.91 million and a PE ratio of 9.11. TIER REIT Inc has a 12 month low of $14.06 and a 12 month high of $18.95.
TIER REIT (OTCMKTS:TIER) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $54.55 million during the quarter, compared to analyst estimates of $52.39 million. TIER REIT had a net margin of 174.73% and a return on equity of 59.24%. On average, equities analysts predict that TIER REIT Inc will post $1.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Thursday, September 14th.
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Several brokerages have weighed in on TIER. Zacks Investment Research raised shares of TIER REIT from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. BMO Capital Markets set a $20.00 price target on shares of TIER REIT and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, TheStreet raised shares of TIER REIT from a “d+” rating to a “c” rating in a research report on Monday, June 5th.
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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