Iron Mountain Incorporated (Delaware) REIT (IRM) Receives Consensus Recommendation of “Hold” from Analysts

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has received a consensus recommendation of “Hold” from the seven analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.75.

IRM has been the topic of a number of research analyst reports. TheStreet raised shares of Iron Mountain Incorporated (Delaware) REIT from a “c+” rating to a “b” rating in a report on Thursday, February 23rd. Deutsche Bank AG initiated coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, February 22nd. They issued a “hold” rating and a $39.00 target price on the stock. Finally, Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 14th.

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In other Iron Mountain Incorporated (Delaware) REIT news, CEO William L. Meaney sold 6,203 shares of the stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $37.50, for a total value of $232,612.50. Following the transaction, the chief executive officer now directly owns 63,808 shares of the company’s stock, valued at approximately $2,392,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William L. Meaney sold 11,305 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $37.63, for a total transaction of $425,407.15. Following the completion of the transaction, the insider now directly owns 83,874 shares in the company, valued at $3,156,178.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,096 shares of company stock worth $991,380. Insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Virginia VA boosted its position in Iron Mountain Incorporated (Delaware) REIT by 3.2% in the third quarter. Trust Co. of Virginia VA now owns 149,718 shares of the company’s stock valued at $5,619,000 after buying an additional 4,642 shares in the last quarter. Putnam FL Investment Management Co. bought a new position in Iron Mountain Incorporated (Delaware) REIT during the third quarter valued at $732,000. MSI Financial Services Inc boosted its position in Iron Mountain Incorporated (Delaware) REIT by 9.1% in the third quarter. MSI Financial Services Inc now owns 6,473 shares of the company’s stock valued at $243,000 after buying an additional 541 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Iron Mountain Incorporated (Delaware) REIT by 17.9% in the third quarter. Nisa Investment Advisors LLC now owns 58,095 shares of the company’s stock valued at $2,180,000 after buying an additional 8,800 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in Iron Mountain Incorporated (Delaware) REIT by 13.3% in the third quarter. Capstone Asset Management Co. now owns 20,056 shares of the company’s stock valued at $753,000 after buying an additional 2,355 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Iron Mountain Incorporated (NYSE:IRM) opened at 34.58 on Thursday. The firm has a market capitalization of $9.12 billion, a P/E ratio of 81.56 and a beta of 0.95. Iron Mountain Incorporated has a 12-month low of $30.75 and a 12-month high of $41.50. The firm’s 50-day moving average price is $35.93 and its 200-day moving average price is $34.59.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last issued its earnings results on Thursday, February 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. The firm earned $934 million during the quarter, compared to the consensus estimate of $938.23 million. Iron Mountain Incorporated (Delaware) REIT had a net margin of 1.90% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. Equities analysts predict that Iron Mountain Incorporated will post $1.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 13th. This represents a $2.20 annualized dividend and a yield of 6.36%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is currently 733.33%.

Iron Mountain Incorporated (Delaware) REIT Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

5 Day Chart for NYSE:IRM

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