TIER REIT Inc (TIER) is Initiated by JP Morgan to Neutral, Price Target at $16

TIER REIT Inc (TIER) was Initiated by JP Morgan to “Neutral” and the brokerage firm has set the Price Target at $16. JP Morgan advised their investors in a research report released on Jun 2, 2016.

TIER REIT Inc opened for trading at $14.87 and hit $15.48 on the upside on Wednesday, eventually ending the session at $15.15, with a gain of 1.00% or 0.15 points. The heightened volatility saw the trading volume jump to 1,84,227 shares. Company has a market cap of $723 M.

In a different news, on Dec 17, 2015, Robert S Aisner (director) purchased 2,000 shares at $16.18 per share price. According to the SEC, on Nov 23, 2015, M Jason Mattox (director) purchased 300 shares at $16.30 per share price. On Sep 10, 2015, Dallas E Lucas (CFO) purchased 7,500 shares at $14.62 per share price, according to the Form-4 filing with the securities and exchange commission.

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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