Iron Mountain Incorporated (Delaware) REIT (IRM) EVP Theodore Maclean Sells 1,345 Shares of Stock

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) EVP Theodore Maclean sold 1,345 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $33.43, for a total value of $44,963.35. Following the sale, the executive vice president now directly owns 5,839 shares of the company’s stock, valued at $195,197.77. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Theodore Maclean also recently made the following trade(s):

  • On Friday, December 8th, Theodore Maclean sold 1,495 shares of Iron Mountain Incorporated (Delaware) REIT stock. The shares were sold at an average price of $40.07, for a total value of $59,904.65.

Shares of Iron Mountain Incorporated (NYSE IRM) opened at $32.12 on Wednesday. The company has a market capitalization of $9,463.79, a price-to-earnings ratio of 15.72 and a beta of 0.83. Iron Mountain Incorporated has a 52 week low of $31.89 and a 52 week high of $41.53. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.08.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its earnings results on Friday, February 16th. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The firm had revenue of $991.00 million during the quarter, compared to analyst estimates of $964.15 million. Iron Mountain Incorporated (Delaware) REIT had a net margin of 4.78% and a return on equity of 15.40%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. sell-side analysts predict that Iron Mountain Incorporated will post 2.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.5875 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.35 annualized dividend and a dividend yield of 7.32%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is currently 340.58%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 1.6% in the 3rd quarter. Comerica Bank now owns 79,085 shares of the financial services provider’s stock valued at $3,172,000 after buying an additional 1,264 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 5.2% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 28,866 shares of the financial services provider’s stock worth $1,122,000 after purchasing an additional 1,431 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 354,475 shares of the financial services provider’s stock worth $13,789,000 after purchasing an additional 1,490 shares during the last quarter. World Asset Management Inc boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 5.2% in the 3rd quarter. World Asset Management Inc now owns 30,123 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Aureus Asset Management LLC boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 23.1% in the 3rd quarter. Aureus Asset Management LLC now owns 8,843 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 1,660 shares during the last quarter. 87.23% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine cut Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note 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 lifted their target price 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 analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT presently has a consensus rating of “Hold” and a consensus target price of $40.40.

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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.

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

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