New York State Common Retirement Fund lifted its position in shares of TIER REIT Inc (OTCMKTS:TIER) by 30.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,571 shares of the real estate investment trust’s stock after buying an additional 11,699 shares during the quarter. New York State Common Retirement Fund owned approximately 0.10% of TIER REIT worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIER. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of TIER REIT by 7.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,174 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 482 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TIER REIT by 154.1% during the first quarter. Russell Investments Group Ltd. now owns 15,660 shares of the real estate investment trust’s stock worth $271,000 after buying an additional 9,497 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of TIER REIT during the second quarter worth about $278,000. Ameriprise Financial Inc. purchased a new stake in shares of TIER REIT during the second quarter worth about $327,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of TIER REIT during the second quarter worth about $359,000.

TIER REIT Inc (TIER) opened at $19.60 on Monday. TIER REIT Inc has a 12-month low of $14.06 and a 12-month high of $20.00.

TIER REIT (OTCMKTS:TIER) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. TIER REIT had a negative net margin of 4.62% and a positive return on equity of 2.28%. The business had revenue of $54.55 million for the quarter, compared to analysts’ expectations of $52.39 million.

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A number of equities research analysts recently issued reports on TIER shares. Zacks Investment Research downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. BidaskClub upgraded shares of TIER REIT from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. 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. TIER REIT has an average rating of “Hold” and a consensus price target of $20.67.

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

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