Dimensional Fund Advisors LP lifted its stake in shares of TIER REIT Inc (NYSE:TIER) by 10.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 412,723 shares of the real estate investment trust’s stock after acquiring an additional 38,566 shares during the period. Dimensional Fund Advisors LP’s holdings in TIER REIT were worth $7,966,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC lifted its position in shares of TIER REIT by 18.3% during the 2nd 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 period. Vanguard Group Inc. lifted its position in shares of TIER REIT by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 5,869,467 shares of the real estate investment trust’s stock valued at $108,467,000 after acquiring an additional 32,897 shares during the period. Citigroup Inc. lifted its position in shares of TIER REIT by 192.2% during the 2nd quarter. Citigroup Inc. now owns 34,127 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 22,447 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TIER REIT by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 389,293 shares of the real estate investment trust’s stock valued at $7,513,000 after acquiring an additional 7,650 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of TIER REIT during the 2nd quarter valued at $327,000. Institutional investors own 58.66% of the company’s stock.

TIER REIT Inc (TIER) opened at $19.41 on Thursday. TIER REIT Inc has a 1 year low of $15.96 and a 1 year high of $20.72. The stock has a market cap of $926.24 and a price-to-earnings ratio of 10.55.

TIER REIT (NYSE:TIER) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.53). TIER REIT had a return on equity of 12.86% and a net margin of 40.68%. The business had revenue of $50.92 million for the quarter. equities research analysts expect that TIER REIT Inc will post 1.5 earnings per share for the current year.

In other TIER REIT news, insider William J. Reister sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $19.62, for a total transaction of $147,150.00. Following the transaction, the insider now owns 82,736 shares in the company, valued at $1,623,280.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Cantor Fitzgerald set a $22.00 target price on shares of TIER REIT and gave the company a “buy” rating in a research report on Friday, January 19th. Zacks Investment Research downgraded shares of TIER REIT from a “buy” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $20.00 target price on shares of TIER REIT in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. TIER REIT currently has a consensus rating of “Hold” and an average target price of $21.00.

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

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