News coverage about Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has been trending somewhat positive on Friday, according to AlphaOne Sentiment Analysis. The research group, a division of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iron Mountain Incorporated (Delaware) REIT earned a daily sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also assigned news stories about the financial services provider an impact score of 82 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Alpha One’s analysis:
- Iron Mountain Incorporated Prices Debt Offering (finance.yahoo.com)
- Iron Mountain short pitched at SALT conference (seekingalpha.com)
- Iron Mountain, Inc. breached its 50 day moving average in a Bullish Manner : IRM-US : May 18, 2017 (finance.yahoo.com)
- Carrizo Oil & Gas Inc (CRZO) Sees Large Increase in Short Interest – AppsforPCdaily (appsforpcdaily.com)
- Iron Mountain Incorporated — Moody’s rates Iron Mountain’s new notes Ba3 (finance.yahoo.com)
Iron Mountain Incorporated (NYSE:IRM) traded down 1.21% during midday trading on Friday, reaching $34.98. 1,183,797 shares of the company’s stock traded hands. Iron Mountain Incorporated has a 1-year low of $30.75 and a 1-year high of $41.50. The firm’s 50-day moving average is $35.39 and its 200-day moving average is $34.59. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 92.05 and a beta of 0.95.
Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.03. Iron Mountain Incorporated (Delaware) REIT had a net margin of 1.90% and a return on equity of 19.82%. The company had revenue of $939 million for the quarter, compared to analyst estimates of $928.62 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. Iron Mountain Incorporated (Delaware) REIT’s revenue was up 25.0% on a year-over-year basis. Analysts forecast that Iron Mountain Incorporated will post $1.19 earnings per share for the current year.
Several research firms have issued reports on IRM. Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Deutsche Bank AG began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, February 22nd. They issued a “hold” rating and a $39.00 price objective for the company. Finally, TheStreet raised shares of Iron Mountain Incorporated (Delaware) REIT from a “c+” rating to a “b” rating in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.40.
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In related news, insider William L. Meaney sold 11,305 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $37.63, for a total value of $425,407.15. Following the completion of the transaction, the insider now owns 83,874 shares in the company, valued at $3,156,178.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anastasios Tsolakis sold 2,442 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $37.63, for a total transaction of $91,892.46. Following the completion of the transaction, the executive vice president now owns 60,552 shares of the company’s stock, valued at approximately $2,278,571.76. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
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.
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