Schwab Charles Investment Management Inc. lifted its stake in TIER REIT Inc (OTCMKTS:TIER) by 41.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 893,499 shares of the real estate investment trust’s stock after purchasing an additional 260,977 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.87% of TIER REIT worth $16,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its position in TIER REIT by 0.3% during 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 acquiring an additional 76 shares during the last quarter. Wells Fargo & Company MN raised its position in TIER REIT by 0.3% during 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 acquiring an additional 180 shares during the last quarter. Russell Investments Group Ltd. raised its position in TIER REIT by 3.5% during the second quarter. Russell Investments Group Ltd. now owns 16,207 shares of the real estate investment trust’s stock worth $300,000 after acquiring an additional 547 shares during the last quarter. California Public Employees Retirement System raised its position in TIER REIT by 0.7% during the first quarter. California Public Employees Retirement System now owns 128,700 shares of the real estate investment trust’s stock worth $2,234,000 after acquiring an additional 900 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in TIER REIT by 0.6% during the first quarter. Public Employees Retirement System of Ohio now owns 155,317 shares of the real estate investment trust’s stock worth $2,696,000 after acquiring an additional 916 shares during the last quarter.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Saturday. TheStreet upgraded shares of TIER REIT from a “d+” rating to a “c” rating in a research report on Monday, June 5th.

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TIER REIT Inc (OTCMKTS TIER) opened at 18.71 on Friday. The firm’s 50-day moving average is $18.30 and its 200-day moving average is $17.64. TIER REIT Inc has a 12 month low of $14.06 and a 12 month high of $18.95. The firm has a market cap of $895.14 million and a PE ratio of 9.53.

TIER REIT (OTCMKTS:TIER) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. TIER REIT had a negative net margin of 4.62% and a positive return on equity of 2.28%. The company had revenue of $54.55 million during the quarter, compared to the consensus estimate of $52.39 million. Equities analysts expect that TIER REIT Inc will post $2.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, September 14th.

TIER REIT 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.

Institutional Ownership by Quarter for TIER REIT (OTCMKTS:TIER)

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