Iron Mountain Incorporated (Delaware) REIT (IRM) Receives $39.50 Consensus Target Price from Analysts

Shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.50.

Several equities research analysts have issued reports on IRM shares. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. TheStreet downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Stifel Nicolaus dropped their price target on shares of Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

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Shares of Iron Mountain Incorporated (NYSE IRM) traded down $0.37 during mid-day trading on Wednesday, reaching $32.52. 5,377,763 shares of the company’s stock traded hands, compared to its average volume of 2,066,793. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $9,383.90, a P/E ratio of 47.13 and a beta of 0.90. Iron Mountain Incorporated has a 1 year low of $30.95 and a 1 year high of $41.53.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.5875 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.23%. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 340.58%.

In other news, insider William L. Meaney sold 11,014 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on 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 sale, the insider now directly owns 111,592 shares in the company, valued at $4,138,947.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William L. Meaney sold 24,137 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.08, for a total transaction of $774,314.96. Following the completion of the sale, the insider now owns 93,587 shares of the company’s stock, valued at $3,002,270.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,306 shares of company stock valued at $1,325,261. 1.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Certified Advisory Corp acquired a new stake in shares of Iron Mountain Incorporated (Delaware) REIT in the fourth quarter valued at approximately $128,000. Global X Management Co. LLC increased its stake in Iron Mountain Incorporated (Delaware) REIT by 196.2% in the fourth quarter. Global X Management Co. LLC now owns 3,540 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,345 shares during the last quarter. Aevitas Wealth Management Inc. bought a new position in Iron Mountain Incorporated (Delaware) REIT in the fourth quarter valued at approximately $155,000. Robeco Institutional Asset Management B.V. increased its stake in Iron Mountain Incorporated (Delaware) REIT by 11,438.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,846 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 4,804 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in Iron Mountain Incorporated (Delaware) REIT in the third quarter valued at approximately $215,000. Institutional investors own 89.22% 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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