News coverage about Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iron Mountain Incorporated (Delaware) REIT earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.4733819364578 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Several research firms have recently commented on IRM. Zacks Investment Research lowered Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Evercore ISI began coverage on Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price target for the company. ValuEngine lowered Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. TheStreet cut Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research note on Thursday, December 7th. Finally, Robert W. Baird increased their price objective 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.20.
Shares of Iron Mountain Incorporated (IRM) traded down $0.36 during midday trading on Friday, hitting $36.22. The stock had a trading volume of 1,665,066 shares, compared to its average volume of 2,130,000. The firm has a market capitalization of $10,290.00, a PE ratio of 44.72, a P/E/G ratio of 5.22 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 twelve month low of $32.53 and a twelve month high of $41.53.
Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $966.00 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a $0.5875 dividend. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend was Thursday, December 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 290.12%.
In other news, 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 value of $78,020.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Theodore Maclean sold 1,495 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.07, for a total value of $59,904.65. Following the completion of the sale, the chief marketing officer now owns 7,184 shares in the company, valued at $287,862.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,789 shares of company stock worth $684,759. 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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