Numeric Investors LLC Acquires 52,400 Shares of TIER REIT Inc (OTCMKTS:TIER)

Numeric Investors LLC grew its holdings in TIER REIT Inc (OTCMKTS:TIER) by 52.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 151,900 shares of the real estate investment trust’s stock after buying an additional 52,400 shares during the quarter. Numeric Investors LLC owned approximately 0.32% of TIER REIT worth $2,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in shares of TIER REIT by 154.1% in the 1st quarter. Russell Investments Group Ltd. now owns 15,660 shares of the real estate investment trust’s stock valued at $271,000 after purchasing an additional 9,497 shares during the period. Wells Fargo & Company MN lifted its stake in shares of TIER REIT by 0.3% in the 1st quarter. Wells Fargo & Company MN now owns 66,198 shares of the real estate investment trust’s stock valued at $1,149,000 after purchasing an additional 180 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of TIER REIT by 4.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 30,305 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 1,202 shares during the period. First Trust Advisors LP lifted its stake in shares of TIER REIT by 5.0% in the 1st quarter. First Trust Advisors LP now owns 75,082 shares of the real estate investment trust’s stock valued at $1,303,000 after purchasing an additional 3,549 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of TIER REIT by 5.8% in the 1st quarter. Bank of New York Mellon Corp now owns 373,407 shares of the real estate investment trust’s stock valued at $6,483,000 after purchasing an additional 20,496 shares during the period.

TIER REIT Inc (OTCMKTS:TIER) opened at 19.82 on Friday. The company has a market cap of $948.25 million and a price-to-earnings ratio of 10.09. TIER REIT Inc has a 52-week low of $14.06 and a 52-week high of $20.00. The company’s 50-day moving average price is $18.92 and its 200-day moving average price is $17.91.

TIER REIT (OTCMKTS:TIER) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $54.55 million during the quarter, compared to analysts’ expectations of $52.39 million. Equities research analysts expect that TIER REIT Inc will post $2.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.63%.

A number of research analysts recently weighed in on TIER shares. Zacks Investment Research lowered TIER REIT from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. BidaskClub raised TIER REIT from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Four investment analysts have rated the stock with a buy rating, TIER REIT has an average rating of “Buy” and an average target price of $20.67.

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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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