TIAA CREF Investment Management LLC grew its position in TIER REIT Inc (OTCMKTS:TIER) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,345 shares of the real estate investment trust’s stock after purchasing an additional 34,637 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.47% of TIER REIT worth $4,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its position in shares of TIER REIT by 0.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 30,381 shares of the real estate investment trust’s stock valued at $561,000 after buying an additional 76 shares during the last quarter. Wells Fargo & Company MN grew its position 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 buying an additional 180 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of TIER REIT by 7.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,174 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 482 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of TIER REIT by 3.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,207 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 547 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of TIER REIT by 0.7% in the 1st quarter. California Public Employees Retirement System now owns 128,700 shares of the real estate investment trust’s stock valued at $2,234,000 after buying an additional 900 shares during the last quarter.

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A number of research analysts recently commented on TIER shares. Zacks Investment Research downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. BidaskClub raised shares of TIER REIT from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.67.

TIER REIT Inc (TIER) opened at 19.95 on Friday. The stock has a market capitalization of $954.47 million and a P/E ratio of 10.16. The firm’s 50-day moving average is $19.13 and its 200 day moving average is $17.99. TIER REIT Inc has a 12 month low of $14.06 and a 12 month high of $20.00.

TIER REIT (OTCMKTS:TIER) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $54.55 million for the quarter, compared to analysts’ expectations of $52.39 million. TIER REIT had a negative net margin of 4.62% and a positive return on equity of 2.28%. On average, equities analysts anticipate that TIER REIT Inc will post $2.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued 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 3.61%.

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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Institutional Ownership by Quarter for TIER REIT (OTCMKTS:TIER)

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