TIER REIT (TIER) Earns Daily Media Impact Score of 0.20
News coverage about TIER REIT (NYSE:TIER) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TIER REIT earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.4423055859501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Sources: Facebook to eat up big chunk of Austin's 'second downtown' (finance.yahoo.com)
- TIER REIT Inc (TIER) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Facebook to eat up big chunk of Austin's second downtown, sources say (finance.yahoo.com)
- Domain 12 – Fully Leased (bizjournals.com)
- TIER REIT Inc (TIER) Expected to Post Quarterly Sales of $52.28 Million (americanbankingnews.com)
NYSE:TIER traded down $0.19 during trading hours on Friday, reaching $24.30. The company’s stock had a trading volume of 246,683 shares, compared to its average volume of 279,514. The stock has a market capitalization of $1.24 billion, a PE ratio of 15.48 and a beta of 0.75. TIER REIT has a one year low of $17.04 and a one year high of $24.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 13th. TIER REIT’s dividend payout ratio is presently 45.86%.
Several research firms have recently commented on TIER. Robert W. Baird boosted their price target on shares of TIER REIT from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Zacks Investment Research cut shares of TIER REIT from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. JMP Securities boosted their price target on shares of TIER REIT from $25.00 to $27.00 and gave the company a “market outperform” rating in a report on Wednesday, August 8th. TheStreet upgraded shares of TIER REIT from a “d+” rating to a “c” rating in a report on Monday, July 23rd. Finally, JPMorgan Chase & Co. upgraded shares of TIER REIT from a “neutral” rating to an “overweight” rating in a report on Thursday, May 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.60.
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.
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