TIER REIT Inc (OTCMKTS:TIER)‘s stock had its “buy” rating reissued by analysts at BMO Capital Markets in a research note issued to investors on Thursday. They currently have a $20.00 price target on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.10% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of TIER REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of TIER REIT from a “buy” rating to a “sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. TIER REIT currently has an average rating of “Hold” and a consensus target price of $20.67.

Shares of TIER REIT (TIER) opened at $19.03 on Thursday. TIER REIT has a 12 month low of $14.29 and a 12 month high of $20.00.

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A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in TIER REIT by 277.3% in the 3rd quarter. Wells Fargo & Company MN now owns 259,356 shares of the real estate investment trust’s stock worth $5,006,000 after buying an additional 190,613 shares during the period. Schroder Investment Management Group purchased a new position in TIER REIT in the 3rd quarter worth about $121,000. JPMorgan Chase & Co. increased its stake in TIER REIT by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,745 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 4,065 shares during the period. Virginia Retirement Systems ET AL increased its stake in TIER REIT by 7.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 86,300 shares of the real estate investment trust’s stock worth $1,666,000 after buying an additional 5,800 shares during the period. Finally, Legal & General Group Plc increased its stake in TIER REIT by 9.9% in the 3rd quarter. Legal & General Group Plc now owns 134,786 shares of the real estate investment trust’s stock worth $2,602,000 after buying an additional 12,091 shares during the period.

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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