Media coverage about Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Iron Mountain Incorporated (Delaware) REIT earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.2105293322181 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Evercore ISI started coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Sunday, September 3rd. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Iron Mountain Incorporated (Delaware) REIT presently has an average rating of “Buy” and an average target price of $41.20.
Iron Mountain Incorporated (NYSE IRM) traded down $0.22 during trading on Tuesday, hitting $40.53. The stock had a trading volume of 1,626,700 shares, compared to its average volume of 1,232,699. Iron Mountain Incorporated has a one year low of $31.39 and a one year high of $41.53. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $10,877.69, a P/E ratio of 19.59, a P/E/G ratio of 6.36 and a beta of 1.00.
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, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities research analysts predict 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. Shareholders of record on Friday, December 15th will be issued a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 5.80%. 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. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 275.00%.
In other Iron Mountain Incorporated (Delaware) REIT news, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Edward Bicks sold 1,880 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total value of $78,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,758 shares of company stock worth $2,050,846 over the last 90 days. Company insiders own 1.50% of the company’s stock.
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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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