Rodgers Brothers Inc. Purchases New Stake in Iron Mountain Incorporated (Delaware) REIT (IRM)

Rodgers Brothers Inc. acquired a new stake in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,700 shares of the financial services provider’s stock, valued at approximately $328,000.

Several other hedge funds have also recently bought and sold shares of the company. Comerica Bank grew its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 1.6% during the 3rd quarter. Comerica Bank now owns 79,085 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 1,264 shares during the period. Aureus Asset Management LLC raised its holdings 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 valued at $344,000 after acquiring an additional 1,660 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 8.5% in the 4th quarter. Norinchukin Bank The now owns 21,342 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 1,664 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 3.2% in the 3rd quarter. AMP Capital Investors Ltd now owns 68,181 shares of the financial services provider’s stock valued at $2,653,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 10.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 22,632 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 2,148 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

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Shares of Iron Mountain Incorporated (Delaware) REIT stock opened at $33.53 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market cap of $9,500.88, a PE ratio of 15.74 and a beta of 0.82. Iron Mountain Incorporated has a 12 month low of $30.78 and a 12 month high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $964.15 million. Iron Mountain Incorporated (Delaware) REIT had a net margin of 4.78% and a return on equity of 15.40%. Iron Mountain Incorporated (Delaware) REIT’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. research analysts forecast that Iron Mountain Incorporated will post 2.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were given a dividend of $0.5875 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.35 annualized dividend and a dividend yield of 7.01%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 110.33%.

In related news, Director Walter C. Rakowich sold 1,734 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.17, for a total transaction of $62,718.78. Following the transaction, the director now directly owns 17,676 shares in the company, valued at approximately $639,340.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $37.09, for a total value of $408,509.26. Following the transaction, the insider now owns 111,592 shares in the company, valued at $4,138,947.28. The disclosure for this sale can be found here. Insiders have sold a total of 40,029 shares of company stock worth $1,349,120 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several analysts have weighed in on the company. ValuEngine cut Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Stifel Nicolaus lowered their price target on Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, February 20th. Finally, Goldman Sachs began coverage on Iron Mountain Incorporated (Delaware) REIT in a research report on Tuesday, March 27th. They set a “buy” rating and a $41.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.50.

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Iron Mountain Incorporated (Delaware) REIT 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.

Institutional Ownership by Quarter for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

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