Iron Mountain Incorporated (Delaware) REIT (IRM) Insider William L. Meaney Sells 11,014 Shares

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) insider William L. Meaney sold 11,014 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $37.09, for a total value of $408,509.26. Following the completion of the transaction, the insider now directly owns 111,592 shares in the company, valued at approximately $4,138,947.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Iron Mountain Incorporated (IRM) traded down $0.96 during trading on Friday, hitting $33.66. The company’s stock had a trading volume of 2,304,570 shares, compared to its average volume of 1,867,762. Iron Mountain Incorporated has a 12 month low of $32.53 and a 12 month high of $41.53. The company has a market capitalization of $9,544.53, a P/E ratio of 42.08, a P/E/G ratio of 4.84 and a beta of 0.83. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59.

Several research firms have weighed in on IRM. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Friday, October 20th. ValuEngine raised Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. TheStreet downgraded Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a report on Thursday, December 7th. Evercore ISI started coverage on Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price target for the company. Finally, Zacks Investment Research upgraded Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.20.

Institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 8.8% in the second quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 322 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 11,438.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,846 shares of the financial services provider’s stock worth $183,000 after buying an additional 4,804 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the second quarter worth about $203,000. Bridgewater Associates LP bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the second quarter worth about $207,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the third quarter worth about $213,000. Institutional investors own 84.48% 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.

Insider Buying and Selling by Quarter for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

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