TIER REIT (TIER) Given Daily Coverage Optimism Rating of 0.15
Press coverage about TIER REIT (NYSE:TIER) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TIER REIT earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.175424336386 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Financial Analysis: TIER REIT (TIER) versus The Competition (americanbankingnews.com)
- Head-To-Head Analysis: TIER REIT (TIER) and The Competition (americanbankingnews.com)
- Reviewing Corporate Office Properties Trust (OFC) and TIER REIT (TIER) (americanbankingnews.com)
- Head to Head Comparison: TIER REIT (TIER) and Its Peers (americanbankingnews.com)
- Analyzing TIER REIT (TIER) & Its Competitors (americanbankingnews.com)
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded TIER REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, BMO Capital Markets restated a “buy” rating and issued a $20.00 price target on shares of TIER REIT in a research note on Thursday, November 9th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.67.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.69%. TIER REIT’s dividend payout ratio is currently 39.13%.
In related news, insider William J. Reister sold 7,500 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $19.62, for a total transaction of $147,150.00. Following the sale, the insider now owns 82,736 shares in the company, valued at approximately $1,623,280.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.
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.
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