.jpg)
In a report released today, John Kim from BMO Capital reiterated a Buy rating on TIER REIT (NYSE: TIER). The company’s shares closed yesterday at $21.20, close to its 52-week high of $21.57.
According to TipRanks.com, Kim is a 3-star analyst with an average return of 3.2% and a 51.9% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
Currently, the analyst consensus on TIER REIT is Moderate Buy and the average price target is $22.50, representing a 6.1% upside.
In a report released yesterday, J.P. Morgan also upgraded the stock to Buy with a $24 price target.
See today’s analyst top recommended stocks >>
Based on TIER REIT’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.87 million. In comparison, last year the company had a GAAP net loss of $6.75 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TIER REIT, Inc. is self-managed, real estate investment trust, which focuses on owning commercial office properties in dynamic markets. Its investment efforts are concentrated in growth markets of Austin, Dallas, Houston, Charlotte, Nashville, Atlanta, and Denver. The company was founded in June 2002 and is headquartered in Dallas, TX.
