Media headlines about TIER REIT (NYSE:TIER) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TIER REIT earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 45.2508637983325 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of TIER REIT (NYSE:TIER) traded down $0.03 during midday trading on Wednesday, reaching $18.78. 3,658 shares of the company’s stock were exchanged, compared to its average volume of 201,589. TIER REIT has a twelve month low of $15.96 and a twelve month high of $20.72. The company has a market capitalization of $891.83, a PE ratio of 10.82 and a beta of 0.78.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Wednesday, March 14th. TIER REIT’s dividend payout ratio (DPR) is presently 41.38%.
Several equities research analysts have recently weighed in on TIER shares. Cantor Fitzgerald set a $22.00 price target on TIER REIT and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets set a $21.00 price target on TIER REIT and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.33.
About TIER REIT
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.