Cantor Fitzgerald set a $22.00 price objective on TIER REIT (NYSE:TIER) in a report released on Tuesday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently commented on TIER. Zacks Investment Research raised TIER REIT from a sell rating to a hold rating in a research report on Tuesday, December 12th. BMO Capital Markets set a $21.00 price objective on TIER REIT and gave the company a buy rating in a research report on Monday. Finally, BidaskClub downgraded TIER REIT from a buy rating to a hold rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. TIER REIT currently has an average rating of Hold and a consensus target price of $21.33.

Shares of TIER REIT (NYSE:TIER) opened at $18.13 on Tuesday. The company has a market capitalization of $848.33, a price-to-earnings ratio of 10.42 and a beta of 0.76. TIER REIT has a 1 year low of $15.96 and a 1 year high of $20.72.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Wednesday, March 14th. TIER REIT’s dividend payout ratio is currently 41.38%.

In other news, insider William J. Reister sold 7,500 shares of TIER REIT stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $19.62, for a total value of $147,150.00. Following the completion of the sale, the insider now owns 82,736 shares of the company’s stock, valued at $1,623,280.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in TIER. Wells Fargo & Company MN grew its position in shares of TIER REIT by 3.8% in the second quarter. Wells Fargo & Company MN now owns 68,743 shares of the real estate investment trust’s stock valued at $1,271,000 after purchasing an additional 2,545 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in TIER REIT by 18.3% in the second quarter. TIAA CREF Investment Management LLC now owns 224,345 shares of the real estate investment trust’s stock valued at $4,146,000 after acquiring an additional 34,637 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in TIER REIT in the second quarter valued at $327,000. New York State Common Retirement Fund boosted its holdings in TIER REIT by 30.9% in the second quarter. New York State Common Retirement Fund now owns 49,571 shares of the real estate investment trust’s stock valued at $916,000 after acquiring an additional 11,699 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in TIER REIT by 4.1% in the second quarter. UBS Asset Management Americas Inc. now owns 81,158 shares of the real estate investment trust’s stock valued at $1,500,000 after acquiring an additional 3,160 shares during the last quarter. 58.54% of the stock is owned by institutional investors and hedge funds.

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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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