Hawk Ridge Capital Management Lp adds TIER REIT Inc (TIER) to its portfolio

TIER REIT Inc (TIER) : Hawk Ridge Capital Management Lp added new position in TIER REIT Inc during the most recent quarter end. The investment management firm now holds 777,050 shares of TIER REIT Inc which is valued at $12,696,997 , the company said in a statement filed on Aug 15, 2016 with the SEC.TIER REIT Inc makes up approximately 7.14% of Hawk Ridge Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in TIER during the most recent quarter. The investment firm sold 154,798 shares of TIER which is valued $2,529,399.Geode Capital Management boosted its stake in TIER in the latest quarter, The investment management firm added 49,297 additional shares and now holds a total of 426,223 shares of TIER REIT Inc which is valued at $6,964,484. Vantage Investment Advisors added TIER to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $16,340. TIER REIT Inc makes up approx 0.01% of Vantage Investment Advisors’s portfolio.Vsr Financial Services reduced its stake in TIER by selling 66,619 shares or 36.35% in the most recent quarter. The Hedge Fund company now holds 116,628 shares of TIER which is valued at $1,905,702. TIER REIT Inc makes up approx 0.30% of Vsr Financial Services’s portfolio.Great West Life Assurance Co Can boosted its stake in TIER in the latest quarter, The investment management firm added 25,514 additional shares and now holds a total of 32,514 shares of TIER REIT Inc which is valued at $546,235.

TIER REIT Inc closed down -0.09 points or -0.56% at $15.93 with 1,55,528 shares getting traded on Thursday. Post opening the session at $15.99, the shares hit an intraday low of $15.82 and an intraday high of $16.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on TIER REIT Inc. JP Morgan Initiated TIER REIT Inc on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $16.

TIER REIT Inc. is a real estate investment trust (REIT). The Company focuses on owning operating acquiring developing investing in and disposing of real estate assets throughout the United States. The Company conducts its business through its subsidiaries which include Tier Operating Partnership LP Tier GP Inc. Tier Business Trust and Tier Partners LLC. As of June 30 2015 the Company owned interests in 31 operating office properties with approximately 12 million rentable square feet. The Company also owns a developed non-operating office property with approximately 334000 rentable square feet and a retail property with approximately 79000 square feet. The Company’s properties are located in 16 markets throughout the United States. The Company’s properties include The Terrace Office Park Burnett Plaza One BriarLake Plaza 5104 Eisenhower Boulevard Bank of America Plaza Three Parkway Colorado Building Hurstbourne Park 801 Thompson and 111 Woodcrest among others.

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