SG Americas Securities LLC Has $777,000 Position in TIER REIT Inc (TIER)

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SG Americas Securities LLC increased its position in shares of TIER REIT Inc (NYSE:TIER) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,108 shares of the real estate investment trust’s stock after acquiring an additional 3,644 shares during the period. SG Americas Securities LLC’s holdings in TIER REIT were worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TIER. First Trust Advisors LP boosted its position in TIER REIT by 699.1% in the fourth quarter. First Trust Advisors LP now owns 72,378 shares of the real estate investment trust’s stock valued at $1,493,000 after buying an additional 63,320 shares in the last quarter. Northern Trust Corp boosted its position in TIER REIT by 4.4% in the fourth quarter. Northern Trust Corp now owns 1,265,169 shares of the real estate investment trust’s stock valued at $26,102,000 after buying an additional 53,293 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in TIER REIT in the fourth quarter valued at approximately $94,000. Public Employees Retirement System of Ohio boosted its position in TIER REIT by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 61,499 shares of the real estate investment trust’s stock valued at $1,269,000 after buying an additional 2,372 shares in the last quarter. Finally, BlackRock Inc. boosted its position in TIER REIT by 7.6% in the fourth quarter. BlackRock Inc. now owns 5,213,551 shares of the real estate investment trust’s stock valued at $107,557,000 after buying an additional 368,414 shares in the last quarter. Institutional investors and hedge funds own 72.58% of the company’s stock.

A number of brokerages have weighed in on TIER. BMO Capital Markets raised their target price on shares of TIER REIT from $24.00 to $29.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. JMP Securities restated a “buy” rating and issued a $27.00 target price on shares of TIER REIT in a research report on Wednesday, February 27th. Zacks Investment Research upgraded shares of TIER REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Robert W. Baird lowered shares of TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 target price on the stock. in a research report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. TIER REIT currently has a consensus rating of “Hold” and a consensus target price of $27.32.

In other news, CEO Scott W. Fordham sold 3,750 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $25.54, for a total transaction of $95,775.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Schelin Telisa Webb sold 4,375 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $28.42, for a total transaction of $124,337.50. The disclosure for this sale can be found here. Insiders have sold 30,225 shares of company stock valued at $824,220 in the last ninety days. Insiders own 1.40% of the company’s stock.

TIER stock opened at $27.74 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 17.23 and a beta of 1.04. TIER REIT Inc has a 52-week low of $19.59 and a 52-week high of $29.16.

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TIER REIT Company Profile

TIER REIT, Inc is a publicly traded (NYSE: TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. Our vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities.

Further Reading: How Important is Technical Analysis of Stocks

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Institutional Ownership by Quarter for TIER REIT (NYSE:TIER)

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