Bank of Montreal Can Sells 759 Shares of TIER REIT Inc (NYSE:TIER)

Bank of Montreal Can cut its holdings in TIER REIT Inc (NYSE:TIER) by 27.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,000 shares of the real estate investment trust’s stock after selling 759 shares during the quarter. Bank of Montreal Can’s holdings in TIER REIT were worth $57,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its stake in TIER REIT by 43.1% in the first quarter. BNP Paribas Arbitrage SA now owns 12,351 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 3,720 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in TIER REIT during the first quarter worth about $27,000. Nisa Investment Advisors LLC acquired a new stake in TIER REIT during the first quarter worth about $72,000. Geode Capital Management LLC increased its stake in TIER REIT by 13.1% during the fourth quarter. Geode Capital Management LLC now owns 719,389 shares of the real estate investment trust’s stock worth $14,840,000 after acquiring an additional 83,357 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of TIER REIT by 18.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,620 shares of the real estate investment trust’s stock worth $13,546,000 after buying an additional 103,851 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

NYSE TIER remained flat at $$214,466,000.00 during trading on Monday. The company’s stock had a trading volume of 3,374,756 shares, compared to its average volume of 488,053. The stock has a fifty day simple moving average of $27.86. The stock has a market cap of $11,907,152.32 billion, a price-to-earnings ratio of 133,208,695.65 and a beta of 1.03. TIER REIT Inc has a 12 month low of $19.59 and a 12 month high of $30.09.

TIER has been the topic of several analyst reports. Zacks Investment Research upgraded TIER REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Robert W. Baird lowered TIER REIT from an “outperform” rating to a “neutral” rating and set a $27.26 target price on the stock. in a report on Tuesday, March 26th. JMP Securities lowered TIER REIT from an “outperform” rating to a “market perform” rating in a report on Monday, March 25th. Finally, BMO Capital Markets raised their target price on TIER REIT from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. TIER REIT presently has an average rating of “Hold” and a consensus target price of $28.57.

About TIER REIT

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.

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

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