Sessa Capital Im Lowers stake in TIER REIT Inc (TIER)

TIER REIT Inc (TIER) : Sessa Capital Im reduced its stake in TIER REIT Inc by 48.11% during the most recent quarter end. The investment management company now holds a total of 437,862 shares of TIER REIT Inc which is valued at $7,154,665 after selling 405,985 shares in TIER REIT Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.TIER REIT Inc makes up approximately 1.95% of Sessa Capital Im’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc added TIER to its portfolio by purchasing 13,360 company shares during the most recent quarter which is valued at $218,302.Vanguard Group Inc boosted its stake in TIER in the latest quarter, The investment management firm added 296,905 additional shares and now holds a total of 5,595,016 shares of TIER REIT Inc which is valued at $91,422,561. TIER REIT Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.Credit Agricole S A boosted its stake in TIER in the latest quarter, The investment management firm added 51,196 additional shares and now holds a total of 51,607 shares of TIER REIT Inc which is valued at $843,258. Highpoint Advisor Group added TIER to its portfolio by purchasing 11,018 company shares during the most recent quarter which is valued at $180,034. TIER REIT Inc makes up approx 0.06% of Highpoint Advisor Group’s portfolio.

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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