Is Buying 52-Week Stock Like TIER REIT, Inc. (TIER) a Winning Strategy?

May 17, 2018 - By Robert Crowder

TIER REIT, Inc. (NYSE:TIER) Logo

The stock of TIER REIT, Inc. (NYSE:TIER) hit a new 52-week high and has $23.21 target or 9.00 % above today’s $21.29 share price. The 5 months bullish chart indicates low risk for the $1.02 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $23.21 price target is reached, the company will be worth $91.80M 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 0.42% or $0.09 during the last trading session, reaching $21.29. About 267,734 shares traded or 52.25% up from the average. TIER REIT, Inc. (NYSE: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 $15.81M for 16.13 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. (NYSE:TIER) Ratings Coverage

Among 4 analysts covering TIER REIT (NYSE:TIER), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TIER REIT had 9 analyst reports since December 15, 2017 according to SRatingsIntel. BMO Capital Markets maintained TIER REIT, Inc. (NYSE:TIER) rating on Monday, February 12. BMO Capital Markets has “Buy” rating and $21.0 target. As per Tuesday, February 13, the company rating was maintained by Cantor Fitzgerald. The company was upgraded on Wednesday, May 16 by JP Morgan. The rating was maintained by Cantor Fitzgerald on Wednesday, February 28 with “Buy”. Cantor Fitzgerald initiated it with “Buy” rating and $22.0 target in Friday, December 22 report. The firm earned “Buy” rating on Thursday, May 17 by BMO Capital Markets. The firm has “Buy” rating given on Friday, January 19 by Cantor Fitzgerald. The firm earned “Buy” rating on Friday, December 15 by BMO Capital Markets. On Wednesday, May 16 the stock rating was upgraded by J.P. Morgan to “Buy”.

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 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 12.17 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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