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. It owns properties located in metropolitan cities and suburban markets in the United States. The Company's office properties include The Terrace Office Park, Domain 3, Domain 4, 5950 Sherry Lane, Burnett Plaza, Loop Central, One BriarLake Plaza, Three Eldridge Place, Eisenhower I, Forum Office Park, 500 E. Pratt, Woodcrest Corporate Center and 111 Woodcrest. The Company's properties are located in Austin, Dallas, Houston, Charlotte, Nashville, Atlanta and Denver.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Office REITs
- Sub-Industry: N/A
- Symbol: OTCMKTS:TIER
- CUSIP: N/A
- Web: tierreit.com/
- Market Cap: $867.11 million
- Outstanding Shares: 47,801,000
- 50 Day Moving Avg: $17.85
- 200 Day Moving Avg: $17.61
- 52 Week Range: $14.06 - $18.95
Sales & Book Value:
- Trailing P/E Ratio: 10.77
- Foreward P/E Ratio: -39.43
- P/E Growth: 0.00
- Annual Revenue: $230.7 million
- Price / Sales: 3.76
- Book Value: $14.96 per share
- Price / Book: 1.21
- EBIDTA: $101.24 million
- Net Margins: 174.73%
- Return on Equity: 59.24%
- Return on Assets: 25.37%
- Average Volume: 190,710 shs.
- Short Ratio: 2.84
Frequently Asked Questions for TIER REIT (OTCMKTS:TIER)
What is TIER REIT's stock symbol?
TIER REIT trades on the OTCMKTS under the ticker symbol "TIER."
How often does TIER REIT pay dividends? What is the dividend yield for TIER REIT?
TIER REIT declared a quarterly dividend on Thursday, May 4th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.18 per share on Friday, June 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, June 13th. View TIER REIT's Dividend History.
How were TIER REIT's earnings last quarter?
TIER REIT Inc (OTCMKTS:TIER) released its quarterly earnings data on Monday, August, 8th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $64.30 million for the quarter, compared to the consensus estimate of $70 million. TIER REIT had a return on equity of 59.24% and a net margin of 174.73%. View TIER REIT's Earnings History.
When will TIER REIT make its next earnings announcement?
Where is TIER REIT's stock going? Where will TIER REIT's stock price be in 2017?
2 equities research analysts have issued 1-year price targets for TIER REIT's shares. Their forecasts range from $20.00 to $21.00. On average, they expect TIER REIT's stock price to reach $20.50 in the next year. View Analyst Ratings for TIER REIT.
Who are some of TIER REIT's key competitors?
Some companies that are related to TIER REIT include Associated Estates Realty (AEC), Tritax Big Box REIT PLC (BBOX), UNITE Group plc (UTG), Park National (PRK), Workspace Group plc (WKP), Lancashire Holdings Limited (LRE), Kennedy Wilson Europe Real Estate PLC (KWE), Rathbone Brothers plc (RAT), Bgeo Group PLC (BGEO), Just Group PLC (JUST), Virgin Money Holdings PLC (VM), Government Properties Income Trust (GOV), Purplebricks Group PLC (PURP), Esure Group PLC (ESUR), Big Yellow Group plc (BYG), Tompkins Financial (TMP), Savills plc (SVS) and Paragon Group of Companies PLC (PAG).
Who are TIER REIT's key executives?
TIER REIT's management team includes the folowing people:
- Richard I. Gilchrist, Independent Chairman of the Board
- Scott W. Fordham, President, Chief Executive Officer, Director
- Dallas E. Lucas CPA., Chief Financial Officer, Treasurer
- James E. Sharp, Executive Vice President, Chief Accounting Officer
- William J. Reister, Executive Vice President, Chief Investment Officer
- Telisa Webb Schelin, Executive Vice President, Secretary, Chief Legal Officer
- Kent R. Griffin, Independent Director
- Thomas M. Herzog, Independent Director
- Dennis John Martin, Independent Director
- Gregory J. Whyte, Independent Director
Who owns TIER REIT stock?
TIER REIT's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Koshinski Asset Management Inc. (0.39%), Legato Capital Management LLC (0.20%), Strs Ohio (0.16%), Malaga Cove Capital LLC (0.12%), Prospera Financial Services Inc (0.07%) and Pensionfund Sabic (0.04%). Company insiders that own TIER REIT stock include Dallas E Lucas, George Ronald Witten, R Kent Griffin Jr, Robert S Aisner, Scott W Fordham, Thomas M Herzog and William J Reister. View Institutional Ownership Trends for TIER REIT.
Who sold TIER REIT stock? Who is selling TIER REIT stock?
Who bought TIER REIT stock? Who is buying TIER REIT stock?
TIER REIT's stock was bought by a variety of institutional investors in the last quarter, including Legato Capital Management LLC, Koshinski Asset Management Inc., Russell Investments Group Ltd. and Creative Planning. Company insiders that have bought TIER REIT stock in the last two years include Dallas E Lucas, George Ronald Witten, R Kent Griffin Jr, Robert S Aisner, Scott W Fordham, Thomas M Herzog and William J Reister. View Insider Buying and Selling for TIER REIT.
How do I buy TIER REIT stock?
Shares of TIER REIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is TIER REIT's stock price today?
MarketBeat Community Rating for TIER REIT (OTCMKTS TIER)MarketBeat's community ratings are surveys of what our community members think about TIER REIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of TIER REIT stock can currently be purchased for approximately $18.14.
Earnings History for TIER REIT (OTCMKTS:TIER)Earnings History by Quarter for TIER REIT (OTCMKTS TIER)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/13/2017||Q4 2016||($0.07)||($0.13)||$55.16 million||$54.08 million||View||N/A|
|11/9/2016||Q316||$0.37||$0.38||$60.00 million||$56.00 million||View||Listen|
|8/8/2016||Q216||$0.39||$0.43||$70.00 million||$64.30 million||View||N/A|
|5/9/2016||Q116||$0.40||$0.45||$64.38 million||$68.50 million||View||N/A|
|2/16/2016||Q415||$0.38||$74.60 million||$67.10 million||View||Listen|
Earnings Estimates for TIER REIT (OTCMKTS:TIER)
Current Year EPS Consensus Estimate: $1.76 EPS
Next Year EPS Consensus Estimate: $-0.46 EPS
Dividend History by Quarter for TIER REIT (OTCMKTS TIER)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for TIER REIT (OTCMKTS:TIER)Insider Trades by Quarter for TIER REIT (OTCMKTS:TIER)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/7/2017||R Kent Griffin Jr||Director||Buy||27,500||$18.25||$501,875.00|| |
|11/15/2016||George Ronald Witten||Director||Buy||7,000||$15.63||$109,410.00|| |
|12/16/2015||Robert S Aisner||Director||Buy||2,000||$16.18||$32,360.00|| |
|9/9/2015||Dallas E Lucas||CFO||Buy||7,500||$14.62||$109,650.00|| |
|9/4/2015||William J. Reister||EVP||Buy||6,700||$13.84||$92,728.00|| |
|9/3/2015||Scott W Fordham||CEO||Buy||19,000||$14.01||$266,190.00|| |
|9/3/2015||Thomas M Herzog||Director||Buy||42,300||$13.86||$586,278.00|| |
Headline Trends for TIER REIT (OTCMKTS:TIER)
Latest Headlines for TIER REIT (OTCMKTS:TIER)
|TIER REIT Announces Lease Renewal at Uptown Charlotte Office Tower|
finance.yahoo.com - July 25 at 7:34 AM
|TIER REIT Schedules Second Quarter 2017 Earnings Release and Conference Call Dates|
finance.yahoo.com - July 19 at 8:16 AM
|Comparing TIER REIT (TIER) & SL Green Realty Corporation (SLG)|
www.americanbankingnews.com - July 7 at 8:06 AM
|EXCLUSIVE: In $72M deal, real estate giant offloads entire Louisville portfolio|
www.bizjournals.com - June 30 at 7:16 AM
|Nashville partnership pays $72M for Louisville office portfolio|
www.bizjournals.com - June 29 at 7:21 AM
|TIER REIT Announces Strategic Acquisition of Legacy District Tower & Sale of Remaining Louisville Portfolio|
finance.yahoo.com - June 27 at 9:04 AM
|TIER REIT Announces Commencement of Domain 11 Development|
finance.yahoo.com - June 24 at 7:16 AM
|TIER REIT Inc (TIER) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - June 16 at 8:31 AM
|TIER REIT Inc (TIER) Upgraded to "C" at TheStreet|
www.americanbankingnews.com - June 7 at 2:52 PM
|TIER REIT (TIER) vs. Columbia Property Trust (CXP) Financial Analysis|
www.americanbankingnews.com - June 4 at 2:04 PM
|TIER REIT Inc (TIER) Upgraded at Zacks Investment Research|
www.americanbankingnews.com - June 1 at 8:34 AM
|TIER REIT Inc (TIER) Given a $20.00 Price Target by BMO Capital Markets Analysts|
www.americanbankingnews.com - May 13 at 5:50 PM
|Edited Transcript of TIER earnings conference call or presentation 11-May-17 3:00pm GMT|
finance.yahoo.com - May 12 at 2:21 AM
|Tier Reit reports 1Q results|
www.cnbc.com - May 11 at 2:11 AM
|TIER REIT Announces First Quarter Financial Results|
finance.yahoo.com - May 11 at 2:11 AM
|TIER REIT Inc (TIER) to Issue Quarterly Dividend of $0.18|
www.americanbankingnews.com - May 4 at 9:28 PM
|TIER REIT (TIER) Getting Positive News Coverage, Analysis Shows|
www.americanbankingnews.com - May 4 at 12:12 PM
|TIER REIT Declares Second Quarter 2017 Distribution|
finance.yahoo.com - May 3 at 6:26 PM
|HFF notches $259M deal in Washington, D.C.|
www.bizjournals.com - May 1 at 11:02 AM
|TIER REIT (TIER) Earns Daily Media Impact Score of 0.31|
www.americanbankingnews.com - April 30 at 10:46 AM
|TIER REIT Announces Exit from Washington, D.C. Market|
finance.yahoo.com - April 27 at 9:27 PM
|TIER REIT (TIER) Receives Daily Media Sentiment Score of -0.11|
www.americanbankingnews.com - April 27 at 5:40 PM
|TIER REIT Schedules First Quarter 2017 Earnings Release and Conference Call Dates|
finance.yahoo.com - April 24 at 6:36 PM
|TIER REIT (TIER) Getting Very Positive Press Coverage, Study Shows|
www.americanbankingnews.com - April 24 at 12:58 PM
|TIER REIT (TIER) Given Daily Media Sentiment Score of -0.22|
www.americanbankingnews.com - April 21 at 12:49 PM
|TIER REIT (TIER) Earns Coverage Optimism Score of 0.24|
www.americanbankingnews.com - April 14 at 4:53 PM
|TIER REIT Inc (TIER) Downgraded to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - April 5 at 3:34 PM
|TIER REIT Inc (TIER) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 30 at 1:43 PM
|Memphis-based public company names new CFO|
www.bizjournals.com - March 30 at 5:12 AM
|TIER REIT Inc (TIER) Stock Rating Lowered by Zacks Investment Research|
www.americanbankingnews.com - March 22 at 9:53 AM
|BRIEF-TIER REIT announces sale of Eisenhower I|
www.reuters.com - March 14 at 9:03 AM
|TIER REIT Announces Sale of Eisenhower I|
finance.yahoo.com - March 13 at 7:49 PM
|BRIEF-Tier REIT to sell office building|
www.reuters.com - March 2 at 9:26 AM
|TIER REIT Announces Sale of Three Parkway|
finance.yahoo.com - March 2 at 9:26 AM
|TIER REIT INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits|
biz.yahoo.com - February 28 at 7:51 PM
|BRIEF-TIER REIT APPOINTS GREG WHYTE TO BOARD OF DIRECTORS|
www.reuters.com - February 28 at 11:31 AM
|TIER REIT Appoints Greg Whyte to Board of Directors|
us.rd.yahoo.com - February 27 at 5:02 PM
|Edited Transcript of TIER earnings conference call or presentation 14-Feb-17 4:30pm GMT|
finance.yahoo.com - February 15 at 6:28 AM
|TIER REIT INC Files SEC form 10-K, Annual Report|
biz.yahoo.com - February 13 at 8:45 PM
|Tier Reit reports 4Q results|
finance.yahoo.com - February 13 at 8:45 PM
|Q4 2016 TIER REIT Inc Earnings Release - After Market Close|
biz.yahoo.com - February 13 at 3:44 PM
|Form SC 13G TIER REIT INC Filed by: BlackRock Inc.|
www.streetinsider.com - January 31 at 3:54 AM
|Coverage initiated on TIER REIT by JMP Securities|
us.rd.yahoo.com - January 28 at 9:31 PM
|Form 3 TIER REIT INC For: Jan 23 Filed by: Griffin R Kent Jr|
www.streetinsider.com - January 27 at 6:14 AM
|TIER REIT Declares First Quarter 2017 Distribution|
finance.yahoo.com - January 25 at 6:50 AM
|Kent Griffin Joins TIER REIT’s Board of Directors|
finance.yahoo.com - January 23 at 11:49 PM
|TIER REIT INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Stat|
biz.yahoo.com - January 23 at 11:49 PM
|TIER REIT Completes Property Transactions|
finance.yahoo.com - January 19 at 4:41 AM
|Company Overview of TIER REIT, Inc|
www.bloomberg.com - January 18 at 12:30 AM
|Commercial real estate transactions add up to $781M in Center City|
www.bizjournals.com - December 2 at 11:10 AM
TIER REIT (TIER) Chart for Thursday, July, 27, 2017