Acuitas Investments LLC Purchases 60,019 Shares of TIER REIT Inc (TIER)
Acuitas Investments LLC raised its position in shares of TIER REIT Inc (NYSE:TIER) by 52.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,274 shares of the real estate investment trust’s stock after purchasing an additional 60,019 shares during the quarter. TIER REIT accounts for about 6.0% of Acuitas Investments LLC’s investment portfolio, making the stock its 8th largest position. Acuitas Investments LLC owned approximately 0.33% of TIER REIT worth $4,224,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. TRUE Private Wealth Advisors purchased a new position in shares of TIER REIT in the third quarter worth $108,000. Alpha Cubed Investments LLC purchased a new position in shares of TIER REIT in the second quarter worth $217,000. First Trust Advisors LP purchased a new position in shares of TIER REIT in the third quarter worth $218,000. Paloma Partners Management Co purchased a new position in shares of TIER REIT in the second quarter worth $242,000. Finally, Private Advisory Group LLC purchased a new position in shares of TIER REIT in the second quarter worth $250,000. 64.55% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. JMP Securities boosted their target price on shares of TIER REIT from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 8th. Finally, Robert W. Baird boosted their target price on shares of TIER REIT from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.60.
TIER REIT (NYSE:TIER) last announced its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. TIER REIT had a net margin of 5.92% and a return on equity of 1.79%. The company had revenue of $54.83 million for the quarter, compared to analysts’ expectations of $53.90 million. On average, analysts forecast that TIER REIT Inc will post 1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Friday, December 14th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, December 13th. TIER REIT’s dividend payout ratio is presently 45.86%.
About TIER REIT
TIER REIT, Inc is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. Our vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities.
Recommended Story: Stop Order Uses For Individual Investors
Receive News & Ratings for TIER REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIER REIT and related companies with MarketBeat.com's FREE daily email newsletter.