Ameriprise Financial Inc. lifted its holdings in TIER REIT Inc (NYSE:TIER) by 727.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 146,492 shares of the real estate investment trust’s stock after purchasing an additional 128,782 shares during the quarter. Ameriprise Financial Inc. owned about 0.31% of TIER REIT worth $2,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TIER. Russell Investments Group Ltd. grew its position in shares of TIER REIT by 3.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,207 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 547 shares during the period. Great West Life Assurance Co. Can boosted its position in TIER REIT by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 30,381 shares of the real estate investment trust’s stock worth $561,000 after acquiring an additional 76 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in TIER REIT by 41.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 893,499 shares of the real estate investment trust’s stock worth $16,512,000 after acquiring an additional 260,977 shares during the last quarter. Rhumbline Advisers boosted its position in TIER REIT by 2.8% during the 2nd quarter. Rhumbline Advisers now owns 66,721 shares of the real estate investment trust’s stock worth $1,233,000 after acquiring an additional 1,835 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in TIER REIT by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 381,643 shares of the real estate investment trust’s stock worth $7,052,000 after acquiring an additional 8,236 shares during the last quarter. Institutional investors and hedge funds own 57.50% of the company’s stock.

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

A number of equities analysts have weighed in on TIER shares. BidaskClub raised TIER REIT from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research raised TIER REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Cantor Fitzgerald started coverage on TIER REIT in a research report on Friday, December 22nd. They set an “overweight” rating and a $22.00 price target for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price target on shares of TIER REIT in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.00.

TIER REIT Inc (NYSE TIER) opened at $19.66 on Friday. TIER REIT Inc has a 12-month low of $15.96 and a 12-month high of $20.72. The firm has a market capitalization of $944.42 and a P/E ratio of 10.68.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Thursday, December 14th. TIER REIT’s dividend payout ratio (DPR) is currently 39.13%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/tier-reit-inc-tier-shares-bought-by-ameriprise-financial-inc/1795272.html.

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.

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

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 Analyst Ratings Network's FREE daily email newsletter.