Zacks: Brokerages Anticipate TIER REIT Inc (TIER) Will Post Earnings of $0.32 Per Share

Wall Street analysts expect TIER REIT Inc (NYSE:TIER) to post earnings of $0.32 per share for the current quarter, according to Zacks. Zero analysts have made estimates for TIER REIT’s earnings. TIER REIT posted earnings per share of $0.41 in the same quarter last year, which suggests a negative year-over-year growth rate of 22%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 9th.

According to Zacks, analysts expect that TIER REIT will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.24 to $1.49. For the next financial year, analysts expect that the firm will report earnings of $1.53 per share, with EPS estimates ranging from $1.50 to $1.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover TIER REIT.

TIER REIT (NYSE:TIER) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.62). The business had revenue of $54.63 million for the quarter, compared to analyst estimates of $56.06 million. TIER REIT had a return on equity of 12.09% and a net margin of 38.94%.

Several brokerages have recently weighed in on TIER. BMO Capital Markets set a $21.00 price objective on TIER REIT and gave the company a “buy” rating in a report on Monday, February 12th. Zacks Investment Research lowered TIER REIT from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Finally, Cantor Fitzgerald set a $22.00 price objective on TIER REIT and gave the company a “buy” rating in a report on Thursday, February 22nd. One equities 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 company’s stock. TIER REIT currently has a consensus rating of “Hold” and an average price target of $21.33.

Shares of TIER REIT (NYSE:TIER) opened at $18.99 on Thursday. The firm has a market capitalization of $903.30 and a price-to-earnings ratio of 10.79. TIER REIT has a twelve month low of $15.96 and a twelve month high of $20.72.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.79%. TIER REIT’s dividend payout ratio (DPR) is 40.91%.

Several institutional investors have recently made changes to their positions in TIER. Schroder Investment Management Group acquired a new stake in shares of TIER REIT in the third quarter valued at $121,000. Advisors Asset Management Inc. acquired a new stake in shares of TIER REIT during the third quarter worth $130,000. Sei Investments Co. raised its position in shares of TIER REIT by 96.1% during the third quarter. Sei Investments Co. now owns 6,871 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 3,367 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TIER REIT during the third quarter worth $179,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of TIER REIT during the fourth quarter worth $202,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

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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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