Investors Buy High Volume of Call Options on Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) saw unusually large options trading activity on Thursday. Stock investors acquired 890 call options on the company. This is an increase of approximately Infinity compared to the average daily volume of 0 call options.

Shares of Iron Mountain Incorporated (NYSE IRM) traded down $0.22 during trading on Monday, reaching $40.53. 1,626,788 shares of the company’s stock were exchanged, compared to its average volume of 1,232,699. The stock 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 current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.59. Iron Mountain Incorporated has a fifty-two week low of $31.39 and a fifty-two week high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its quarterly earnings results 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. The company had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. Iron Mountain Incorporated (Delaware) REIT had a net margin of 5.54% and a return on equity of 15.49%. Iron Mountain Incorporated (Delaware) REIT’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.

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

In related news, VP Patrick J. Keddy sold 23,428 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $39.04, for a total transaction of $914,629.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Edward Bicks sold 1,880 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,758 shares of company stock valued at $2,050,846. 1.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 4.6% during the 2nd quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock valued at $105,000 after buying an additional 134 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 322 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the 2nd quarter valued at approximately $203,000. Penserra Capital Management LLC boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 7.5% during the 2nd quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 422 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the 2nd quarter valued at approximately $207,000. 88.84% of the stock is owned by hedge funds and other institutional investors.

IRM has been the topic of a number of recent research reports. BidaskClub raised shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Robert W. Baird set a $39.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research note on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Sunday, September 3rd. Zacks Investment Research lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Evercore ISI assumed coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $41.20.

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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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