Somewhat Favorable Press Coverage Somewhat Unlikely to Affect TIER REIT (TIER) Stock Price
Media coverage about TIER REIT (NYSE:TIER) has trended somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TIER REIT earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 45.4027865238728 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Best office transaction: TIER REIT Inc. portfolio (bizjournals.com)
- Recent Portfolio Sale: Washington Prime Group (seekingalpha.com)
- TIER REIT, Inc. (TIER) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- TIER REIT (TIER) Downgraded by ValuEngine to Hold (americanbankingnews.com)
- Negative Prognosis For Healthcare REITs (seekingalpha.com)
Shares of TIER stock traded up $0.19 during trading on Monday, reaching $18.35. 13,099 shares of the company’s stock traded hands, compared to its average volume of 178,929. The stock has a market capitalization of $867.93, a P/E ratio of 11.69 and a beta of 0.75. TIER REIT has a 1 year low of $15.96 and a 1 year high of $20.72.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Wednesday, March 14th. TIER REIT’s payout ratio is currently 45.86%.
A number of research firms have recently weighed in on TIER. Zacks Investment Research downgraded shares of TIER REIT from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Cantor Fitzgerald began coverage on shares of TIER REIT in a research report on Saturday, December 30th. They set an “overweight” rating and a $22.00 target price for the company. ValuEngine downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. TheStreet downgraded shares of TIER REIT from a “c” rating to a “d+” rating in a research report on Wednesday, March 28th. Finally, BMO Capital Markets set a $21.00 target price on shares of TIER REIT and gave the company a “buy” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.33.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-tier-reit-tier-stock-price/2030248.html.
TIER REIT Company Profile
TIER REIT, Inc is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. Our vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities.
Receive News & Ratings for TIER REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIER REIT and related companies with MarketBeat.com's FREE daily email newsletter.