Wealthtrust-arizona Lowers stake in TIER REIT Inc (TIER)

TIER REIT Inc (TIER) : Wealthtrust-arizona reduced its stake in TIER REIT Inc by 11.06% during the most recent quarter end. The investment management company now holds a total of 28,578 shares of TIER REIT Inc which is valued at $494,685 after selling 3,554 shares in TIER REIT Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.TIER REIT Inc makes up approximately 0.29% of Wealthtrust-arizona’s portfolio.

Other Hedge Funds, Including , Concorde Asset Management sold out all of its stake in TIER during the most recent quarter. The investment firm sold 18,862 shares of TIER which is valued $326,501.Edge Wealth Management reduced its stake in TIER by selling 2,300 shares or 61.28% in the most recent quarter. The Hedge Fund company now holds 1,453 shares of TIER which is valued at $23,902. TIER REIT Inc makes up approx 0.01% of Edge Wealth Management’s portfolio.

TIER REIT Inc opened for trading at $17.22 and hit $17.31 on the upside on Wednesday, eventually ending the session at $17.25, with a gain of 0.12% or 0.02 points. The heightened volatility saw the trading volume jump to 1,63,727 shares. Company has a market cap of $823 M.

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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