What’s in Tier Reit Inc (NYSE:TIER) After Rise in Shorted Shares?

July 14, 2018 - By Carol Mulligan

TIER REIT, Inc. (NYSE:TIER) Logo

The stock of Tier Reit Inc (NYSE:TIER) registered an increase of 9.54% in short interest. TIER’s total short interest was 393,800 shares in July as published by FINRA. Its up 9.54% from 359,500 shares, reported previously. With 146,700 shares average volume, it will take short sellers 3 days to cover their TIER’s short positions. The short interest to Tier Reit Inc’s float is 0.83%.

The stock increased 0.17% or $0.04 during the last trading session, reaching $23.8. About 169,403 shares traded. TIER REIT, Inc. (NYSE:TIER) has risen 29.95% since July 14, 2017 and is uptrending. It has outperformed by 17.38% the S&P500.

TIER REIT, Inc. is a publicly traded , self-managed, Dallas real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. The company has market cap of $1.14 billion. 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. It has a 13.6 P/E ratio. Our mission is to provide unparalleled, TIER ONE Property Services to our tenants and outsized total return through stock price appreciation and dividend growth to our stockholders.

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

Among 6 analysts covering TIER REIT (NYSE:TIER), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TIER REIT had 9 analyst reports since January 19, 2018 according to SRatingsIntel. Cantor Fitzgerald maintained TIER REIT, Inc. (NYSE:TIER) rating on Tuesday, February 13. Cantor Fitzgerald has “Buy” rating and $22.0 target. The company was maintained on Thursday, May 17 by BMO Capital Markets. The firm has “Buy” rating given on Wednesday, February 28 by Cantor Fitzgerald. The firm earned “Overweight” rating on Wednesday, May 16 by JP Morgan. J.P. Morgan upgraded TIER REIT, Inc. (NYSE:TIER) rating on Wednesday, May 16. J.P. Morgan has “Buy” rating and $2400 target. Cantor Fitzgerald maintained TIER REIT, Inc. (NYSE:TIER) on Friday, January 19 with “Buy” rating. The company was maintained on Friday, June 8 by JMP Securities. The stock of TIER REIT, Inc. (NYSE:TIER) has “Buy” rating given on Monday, February 12 by BMO Capital Markets.

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

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