Are TIER REIT (NASDAQ:TIER) Shares a ‘Buy’ Now? JP Morgan Has Upgraded The Stock

May 16, 2018 - By Christine McCrea

TIER REIT, Inc. (NYSE:TIER) Logo

TIER REIT (NASDAQ:TIER) Stock Upgrade

In analysts note issued today, JP Morgan upped shares of TIER REIT (NASDAQ:TIER) to a solid “Overweight” rating from their previous “Neutral” rating.

The stock increased 5.11% or $1.03 during the last trading session, reaching $21.2. About 336,365 shares traded or 93.86% up from the average. TIER REIT, Inc. (NASDAQ:TIER) has risen 8.99% since May 17, 2017 and is uptrending. It has underperformed by 2.56% the S&P500.

Analysts await TIER REIT, Inc. (NYSE:TIER) to report earnings on August, 6. They expect $0.33 EPS, down 19.51 % or $0.08 from last year’s $0.41 per share. TIER’s profit will be $15.82M for 16.06 P/E if the $0.33 EPS becomes a reality. After $0.40 actual EPS reported by TIER REIT, Inc. for the previous quarter, Wall Street now forecasts -17.50 % negative EPS growth.

TIER REIT, Inc is real estate investment trust. The company has market cap of $1.02 billion. The firm invests in the real estate markets of the United States. It has a 12.11 P/E ratio. It primarily owns and operates high quality office properties located in selective markets throughout the United States.

More news for TIER REIT, Inc. (NYSE:TIER) were recently published by: Businesswire.com, which released: “TIER REIT Declares Second Quarter 2018 Distribution” on April 20, 2018. Newsday.com‘s article titled: “Standard Diversified moves to LI from Delaware, will trade on NYSE tier” and published on April 24, 2018 is yet another important article.

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

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