TIER REIT (TIER) Receives Upgrade From JPMorgan. Will Other Analysts Follow Suit?

May 16, 2018 - By Christine McCrea

TIER REIT, Inc. (NYSE:TIER) Logo

TIER REIT (TIER) Stock Upgrade

In analysts report revealed on Wednesday morning, JPMorgan announced that they have decided to upgrade shares of TIER REIT (TIER) stock from a “Neutral” to a “Overweight”.

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. (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 earnings per share, down 19.51 % or $0.08 from last year’s $0.41 per share. TIER’s profit will be $15.82 million for 16.06 P/E if the $0.33 EPS becomes a reality. After $0.40 actual earnings per share 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: Newsday.com, which released: “Standard Diversified moves to LI from Delaware, will trade on NYSE tier” on April 24, 2018. Businesswire.com‘s article titled: “TIER REIT Declares Second Quarter 2018 Distribution” and published on April 20, 2018 is yet another important article.

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

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