Analysts predict that TIER REIT Inc (NYSE:TIER) will post $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for TIER REIT’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.39. TIER REIT posted earnings per share of $0.40 in the same quarter last year, which would indicate a negative year over year growth rate of 7.5%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, February 11th.
According to Zacks, analysts expect that TIER REIT will report full-year earnings of $1.68 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.94. For the next fiscal year, analysts forecast that the business will report earnings of $1.42 per share, with EPS estimates ranging from $1.41 to $1.44. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover TIER REIT.
TIER REIT (NYSE:TIER) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm had revenue of $54.83 million during the quarter, compared to the consensus estimate of $53.90 million. TIER REIT had a return on equity of 1.79% and a net margin of 5.92%.
Several research analysts have commented on the company. ValuEngine downgraded TIER REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Zacks Investment Research downgraded TIER REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $24.60.
Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in TIER REIT during the 4th quarter valued at approximately $92,000. TRUE Private Wealth Advisors purchased a new stake in shares of TIER REIT during the 3rd quarter valued at $108,000. Daiwa Securities Group Inc. increased its position in shares of TIER REIT by 12.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 900 shares during the last quarter. IFP Advisors Inc increased its position in shares of TIER REIT by 8.5% during the 4th quarter. IFP Advisors Inc now owns 9,805 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 766 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of TIER REIT during the 3rd quarter valued at $218,000. 69.88% of the stock is owned by institutional investors.
NYSE TIER traded down $0.13 during trading on Friday, hitting $23.77. 50,832 shares of the company’s stock were exchanged, compared to its average volume of 274,840. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 15.14 and a beta of 1.05. TIER REIT has a fifty-two week low of $17.04 and a fifty-two week high of $24.98.
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.
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