TIER REIT, Inc. (TIER) on Focus After Trading At 52-Week Highs

June 17, 2018 - By Ash


The stock of TIER REIT, Inc. (NYSE:TIER) hit a new 52-week high and has $24.42 target or 6.00 % above today’s $23.04 share price. The 5 months bullish chart indicates low risk for the $1.10B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $24.42 price target is reached, the company will be worth $66.24 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.44% or $0.1 during the last trading session, reaching $23.04. About 444,401 shares traded or 120.78% up from the average. TIER REIT, Inc. (NYSE:TIER) has risen 29.95% since June 17, 2017 and is uptrending. It has outperformed by 17.38% the S&P500.

Analysts await TIER REIT, Inc. (NYSE:TIER) to report earnings on August, 6. They expect $0.36 earnings per share, down 12.20 % or $0.05 from last year’s $0.41 per share. TIER’s profit will be $17.25 million for 16.00 P/E if the $0.36 EPS becomes a reality. After $0.40 actual earnings per share reported by TIER REIT, Inc. for the previous quarter, Wall Street now forecasts -10.00 % negative EPS growth.

TIER REIT, Inc. (NYSE:TIER) Ratings Coverage

Among 6 analysts covering TIER REIT (NYSE:TIER), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TIER REIT had 10 analyst reports since December 22, 2017 according to SRatingsIntel. Cantor Fitzgerald maintained TIER REIT, Inc. (NYSE:TIER) on Tuesday, February 13 with “Buy” rating. As per Wednesday, February 28, the company rating was maintained by Cantor Fitzgerald. BMO Capital Markets maintained the shares of TIER in report on Monday, February 12 with “Buy” rating. J.P. Morgan upgraded TIER REIT, Inc. (NYSE:TIER) rating on Wednesday, May 16. J.P. Morgan has “Buy” rating and $2400 target. The rating was initiated by Cantor Fitzgerald with “Buy” on Friday, December 22. JP Morgan upgraded the shares of TIER in report on Wednesday, May 16 to “Overweight” rating. The stock of TIER REIT, Inc. (NYSE:TIER) has “Buy” rating given on Friday, January 19 by Cantor Fitzgerald. JMP Securities maintained TIER REIT, Inc. (NYSE:TIER) on Friday, June 8 with “Market Outperform” rating. As per Thursday, May 17, the company rating was maintained by BMO Capital Markets.

More news for TIER REIT, Inc. (NYSE:TIER) were recently published by: Bizjournals.com, which released: “With billions to invest, Stonepeak to open Austin office in new skyscraper, Bloomberg says” on June 08, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Oritani Financial, TIER REIT, The Boston Beer, Fidelity Southern, Riot …” and published on May 21, 2018 is yet another important article.

TIER REIT, Inc is real estate investment trust. The company has market cap of $1.10 billion. The firm invests in the real estate markets of the United States. It has a 13.17 P/E ratio. It primarily owns and operates high quality office properties located in selective markets throughout the United States.

TIER REIT, Inc. (NYSE:TIER) Ratings Chart

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