TIER REIT (TIER) Gets a Buy Rating from JMP Securities

In a report issued on February 25, Mitchell Germain from JMP Securities maintained a Buy rating on TIER REIT (TIER), with a price target of $27. The company’s shares closed yesterday at $24.21, close to its 52-week high of $25.20.

According to TipRanks.com, Germain is a 4-star analyst with an average return of 8.3% and a 65.5% success rate. Germain covers the Financial sector, focusing on stocks such as Colliers International Group, Columbia Property Trust, and Jones Lang Lasalle Inc.

TIER REIT has an analyst consensus of Moderate Buy, with a price target consensus of $25.50, representing a 5.3% upside. In a report issued on February 11, BMO Capital also maintained a Buy rating on the stock with a $24 price target.

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The company has a one-year high of $25.20 and a one-year low of $17.91. Currently, TIER REIT has an average volume of 284.9K.

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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.