Can TIER REIT, Inc. (TIER)’s Tomorrow be Different? The Stock Just Broke Its High

May 24, 2018 - By simple simple

TIER REIT, Inc. (NYSE:TIER) Logo

The stock of TIER REIT, Inc. (NYSE:TIER) hit a new 52-week high and has $23.35 target or 8.00 % above today’s $21.62 share price. The 7 months bullish chart indicates low risk for the $1.04 billion company. The 1-year high was reported on May, 24 by Barchart.com. If the $23.35 price target is reached, the company will be worth $82.88 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 decreased 0.78% or $0.17 during the last trading session, reaching $21.62. About 69,272 shares traded. TIER REIT, Inc. (NYSE:TIER) has risen 8.99% since May 24, 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 $15.81 million for 16.38 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. (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. Cantor Fitzgerald maintained TIER REIT, Inc. (NYSE:TIER) on Tuesday, February 13 with “Buy” rating. The rating was upgraded by J.P. Morgan to “Buy” on Wednesday, May 16. BMO Capital Markets maintained the shares of TIER in report on Monday, February 12 with “Buy” rating. Cantor Fitzgerald maintained the shares of TIER in report on Friday, January 19 with “Buy” rating. As per Friday, December 15, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, May 17 report. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, May 16 report. The firm has “Buy” rating given on Wednesday, February 28 by Cantor Fitzgerald. The stock of TIER REIT, Inc. (NYSE:TIER) has “Buy” rating given on Friday, December 22 by Cantor Fitzgerald.

Another recent and important TIER REIT, Inc. (NYSE:TIER) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Oritani Financial, TIER REIT, The Boston Beer, Fidelity Southern, Riot …” on May 21, 2018.

TIER REIT, Inc is real estate investment trust. The company has market cap of $1.04 billion. The firm invests in the real estate markets of the United States. It has a 12.35 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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