Analysts expect TIER REIT Inc (NYSE:TIER) to post $0.35 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TIER REIT’s earnings. TIER REIT posted earnings per share of $0.40 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next earnings results on Tuesday, May 28th.

On average, analysts expect that TIER REIT will report full-year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.44. For the next financial year, analysts forecast that the company will post earnings of $1.56 per share, with EPS estimates ranging from $1.55 to $1.57. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for TIER REIT.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of TIER REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Robert W. Baird lowered shares of TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 price target for the company. in a research report on Tuesday, March 26th. JMP Securities lowered shares of TIER REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. Finally, BMO Capital Markets increased their price target on shares of TIER REIT from $24.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.32.

Shares of NYSE TIER traded down $0.15 during mid-day trading on Friday, reaching $27.09. The company had a trading volume of 384,372 shares, compared to its average volume of 453,170. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 16.83 and a beta of 1.04. TIER REIT has a 12-month low of $19.59 and a 12-month high of $29.16.

In related news, insider Schelin Telisa Webb sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $26.02, for a total transaction of $58,545.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott W. Fordham sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $25.54, for a total transaction of $95,775.00. The disclosure for this sale can be found here. Insiders sold 27,100 shares of company stock valued at $747,626 over the last three months. 1.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in TIER REIT by 3.8% during the third quarter. Vanguard Group Inc. now owns 5,296,821 shares of the real estate investment trust’s stock valued at $127,653,000 after acquiring an additional 195,055 shares in the last quarter. BlackRock Inc. raised its position in TIER REIT by 7.6% during the fourth quarter. BlackRock Inc. now owns 5,213,551 shares of the real estate investment trust’s stock valued at $107,557,000 after acquiring an additional 368,414 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of TIER REIT by 12.1% in the first quarter. Renaissance Technologies LLC now owns 1,697,500 shares of the real estate investment trust’s stock worth $48,650,000 after acquiring an additional 183,800 shares during the last quarter. Morgan Stanley grew its stake in shares of TIER REIT by 55.0% in the first quarter. Morgan Stanley now owns 1,381,577 shares of the real estate investment trust’s stock worth $39,595,000 after acquiring an additional 490,046 shares during the last quarter. Finally, ARP Americas LP acquired a new stake in shares of TIER REIT in the first quarter worth $39,290,000. 72.88% of the stock is currently owned by hedge funds and other institutional investors.

About TIER REIT

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.

Further Reading: Why do companies issue stock splits?

Get a free copy of the Zacks research report on TIER REIT (TIER)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.