TIER REIT (TIER) Receiving Somewhat Positive News Coverage, Study Shows
Media stories about TIER REIT (NYSE:TIER) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TIER REIT earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5563923556034 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of analysts have weighed in on TIER shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 price target on shares of TIER REIT in a research report on Thursday, November 9th. Zacks Investment Research raised TIER REIT from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, August 29th. Finally, BidaskClub raised 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, one has assigned a hold rating and two have given a buy rating to the stock. TIER REIT currently has a consensus rating of “Hold” and a consensus price target of $20.67.
TIER REIT (NYSE:TIER) traded up $0.07 during midday trading on Tuesday, hitting $19.10. The company had a trading volume of 235,700 shares, compared to its average volume of 182,962. TIER REIT has a fifty-two week low of $15.47 and a fifty-two week high of $20.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.77%. TIER REIT’s dividend payout ratio is presently 39.13%.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2017/11/14/tier-reit-tier-receiving-somewhat-positive-news-coverage-study-shows.html.
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.
Receive News & Stock Ratings for TIER REIT Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIER REIT Inc and related stocks with our FREE daily email newsletter.