Traders Purchase High Volume of Call Options on Iron Mountain Incorporated (Delaware) REIT (IRM)

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) was the target of some unusual options trading on Thursday. Stock traders purchased 890 call options on the company. This is an increase of approximately Infinity compared to the typical daily volume of 0 call options.

Shares of Iron Mountain Incorporated (NYSE IRM) traded down $0.22 during trading on Monday, reaching $40.53. The company’s stock had a trading volume of 1,626,788 shares, compared to its average volume of 1,232,699. The firm has a market cap of $10,880.00, a P/E ratio of 19.59, a P/E/G ratio of 6.36 and a beta of 1.00. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. Iron Mountain Incorporated has a 52-week low of $31.39 and a 52-week high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a net margin of 5.54% and a return on equity of 15.49%. The company had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was up 2.4% on a year-over-year basis. analysts forecast that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a $0.5875 dividend. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. This represents a $2.35 annualized dividend and a yield of 5.80%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 271.60%.

Several research firms have weighed in on IRM. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Friday, October 20th. Robert W. Baird increased their price target on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Monday, October 9th. Finally, BidaskClub upgraded Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $41.20.

In other Iron Mountain Incorporated (Delaware) REIT news, SVP Edward Bicks sold 1,880 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total transaction of $78,020.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Theodore Maclean sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,758 shares of company stock worth $2,050,846. 1.50% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in IRM. Public Employees Retirement System of Ohio lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 2.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 114,291 shares of the financial services provider’s stock worth $4,446,000 after buying an additional 2,505 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 57.5% during the 3rd quarter. Moors & Cabot Inc. now owns 14,319 shares of the financial services provider’s stock worth $557,000 after buying an additional 5,228 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the 3rd quarter worth approximately $370,000. Neuberger Berman Group LLC lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 9.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,546,789 shares of the financial services provider’s stock worth $60,170,000 after buying an additional 131,626 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 807,575 shares of the financial services provider’s stock worth $31,415,000 after buying an additional 30,701 shares in the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.

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About Iron Mountain Incorporated (Delaware) REIT

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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