Capital Bank & Trust Co lessened its position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 848,998 shares of the financial services provider’s stock after selling 8,508 shares during the quarter. Capital Bank & Trust Co owned about 0.32% of Iron Mountain Incorporated (Delaware) REIT worth $33,026,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toronto Dominion Bank increased its holdings in Iron Mountain Incorporated (Delaware) REIT by 25.7% in the second quarter. Toronto Dominion Bank now owns 83,270 shares of the financial services provider’s stock valued at $2,861,000 after purchasing an additional 17,028 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 2.7% in the second quarter. CIBC Asset Management Inc now owns 24,826 shares of the financial services provider’s stock worth $853,000 after acquiring an additional 651 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 5.0% in the second quarter. Legal & General Group Plc now owns 1,279,747 shares of the financial services provider’s stock worth $43,969,000 after acquiring an additional 61,365 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 9.4% in the second quarter. JPMorgan Chase & Co. now owns 1,630,294 shares of the financial services provider’s stock worth $56,016,000 after acquiring an additional 140,286 shares in the last quarter. Finally, BP PLC bought a new stake in shares of Iron Mountain Incorporated (Delaware) REIT in the third quarter worth about $1,244,000. 88.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Patrick J. Keddy sold 23,428 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total transaction of $914,629.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Theodore Maclean sold 1,500 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The disclosure for this sale can be found here. Insiders have sold 30,721 shares of company stock valued at $1,208,946 over the last three months. Insiders own 1.50% of the company’s stock.

IRM has been the subject of several recent research reports. BidaskClub raised Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Robert W. Baird set a $39.00 price objective on Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research report on Friday, August 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Sunday, September 3rd. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Evercore ISI initiated 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 objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.20.

Shares of Iron Mountain Incorporated (IRM) traded up $0.13 during midday trading on Monday, reaching $40.12. The company had a trading volume of 1,050,600 shares, compared to its average volume of 1,226,750. Iron Mountain Incorporated has a 1 year low of $31.39 and a 1 year high of $41.53. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59. The firm has a market capitalization of $10,710.00, a PE ratio of 19.29, a PEG ratio of 6.26 and a beta of 1.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The firm had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $960.99 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. sell-side analysts forecast that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.5875 per share. The ex-dividend date of this dividend is Thursday, December 14th. 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 yield of 5.86%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is 271.60%.

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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.

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

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