TIER REIT (NYSE:TIER) Earning Somewhat Favorable News Coverage, Study Shows

News headlines about TIER REIT (NYSE:TIER) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TIER REIT earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 45.1771565635971 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of TIER REIT (TIER) traded down $0.02 on Wednesday, reaching $18.99. 96,833 shares of the company were exchanged, compared to its average volume of 197,037. The stock has a market capitalization of $903.30 and a P/E ratio of 10.79. TIER REIT has a 1-year low of $15.96 and a 1-year high of $20.72.

TIER REIT (NYSE:TIER) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of $0.41 by ($0.62). TIER REIT had a return on equity of 12.09% and a net margin of 38.94%. The business had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $56.06 million. analysts expect that TIER REIT will post 1.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 14th. TIER REIT’s payout ratio is 40.91%.

TIER has been the subject of several analyst reports. Zacks Investment Research downgraded shares of TIER REIT from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Cantor Fitzgerald set a $22.00 price objective on shares of TIER REIT and gave the stock a “buy” rating in a report on Tuesday, March 6th. Finally, BMO Capital Markets set a $21.00 target price on shares of TIER REIT and gave the stock a “buy” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. TIER REIT currently has an average rating of “Hold” and an average price target of $21.33.

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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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