TIER REIT Inc (TIER) CEO Scott W. Fordham Sells 3,750 Shares

TIER REIT Inc (NYSE:TIER) CEO Scott W. Fordham sold 3,750 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $25.54, for a total transaction of $95,775.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Scott W. Fordham also recently made the following trade(s):

  • On Monday, April 1st, Scott W. Fordham sold 11,250 shares of TIER REIT stock. The shares were sold at an average price of $28.45, for a total transaction of $320,062.50.
  • On Monday, March 25th, Scott W. Fordham sold 4,375 shares of TIER REIT stock. The shares were sold at an average price of $27.75, for a total transaction of $121,406.25.
  • On Tuesday, February 19th, Scott W. Fordham sold 3,125 shares of TIER REIT stock. The shares were sold at an average price of $24.51, for a total transaction of $76,593.75.

TIER stock traded down $0.59 during midday trading on Monday, reaching $28.48. The company had a trading volume of 561,642 shares, compared to its average volume of 456,866. The company has a market cap of $1.56 billion, a PE ratio of 17.69 and a beta of 1.08. TIER REIT Inc has a 1-year low of $18.16 and a 1-year high of $29.16.

TIER REIT (NYSE:TIER) last posted its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.05. The business had revenue of $55.55 million during the quarter, compared to the consensus estimate of $54.49 million. TIER REIT had a negative return on equity of 0.67% and a negative net margin of 2.30%. As a group, analysts anticipate that TIER REIT Inc will post 1.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, March 14th. TIER REIT’s dividend payout ratio (DPR) is presently 44.72%.

A number of equities research analysts have recently issued reports on the stock. JMP Securities cut shares of TIER REIT from an “outperform” rating to a “market perform” rating in a research report on Monday, March 25th. Robert W. Baird cut shares of TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 target price for the company. in a research report on Tuesday, March 26th. BMO Capital Markets boosted their target price on shares of TIER REIT from $24.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Zacks Investment Research raised TIER REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $27.32.

Hedge funds have recently bought and sold shares of the stock. Ramsey Quantitative Systems acquired a new position in TIER REIT during the fourth quarter worth about $38,000. Quantamental Technologies LLC acquired a new position in TIER REIT during the fourth quarter worth about $92,000. Executive Wealth Management LLC acquired a new position in TIER REIT during the fourth quarter worth about $94,000. Daiwa Securities Group Inc. raised its stake in TIER REIT by 12.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,300 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 900 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in TIER REIT by 8.5% during the fourth quarter. IFP Advisors Inc now owns 9,805 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 766 shares in the last quarter. 74.36% of the stock is owned by institutional investors and hedge funds.

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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.

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Insider Buying and Selling by Quarter for TIER REIT (NYSE:TIER)

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