An issue of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) bonds fell 1% against their face value during trading on Tuesday. The debt issue has a 5.375% coupon and is set to mature on June 1, 2026. The bonds in the issue are now trading at $96.75. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research note on Thursday, December 7th. Stifel Nicolaus cut their target price 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 note on Tuesday, February 20th. Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, ValuEngine cut shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.40.

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Iron Mountain Incorporated (Delaware) REIT stock opened at $31.61 on Thursday. Iron Mountain Incorporated has a 52 week low of $30.95 and a 52 week high of $41.53. The company has a market cap of $9,052.94, a price-to-earnings ratio of 45.81 and a beta of 0.90. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.00.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 7.43%. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is currently 340.58%.

In other Iron Mountain Incorporated (Delaware) REIT news, EVP Theodore Maclean sold 1,076 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.30, for a total value of $34,754.80. Following the completion of the transaction, the executive vice president now directly owns 6,367 shares of the company’s stock, valued at approximately $205,654.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter C. Rakowich sold 1,734 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction 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 completion of the transaction, the director now directly owns 17,676 shares of the company’s stock, valued at $639,340.92. The disclosure for this sale can be found here. Insiders sold a total of 40,029 shares of company stock valued at $1,349,120 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its holdings 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 worth $3,172,000 after acquiring an additional 1,264 shares during the last quarter. Aureus Asset Management LLC lifted 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 worth $344,000 after acquiring an additional 1,660 shares during the last quarter. Norinchukin Bank The lifted 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 worth $805,000 after acquiring an additional 1,664 shares during the last quarter. AMP Capital Investors Ltd lifted 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 worth $2,653,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted 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 worth $854,000 after acquiring an additional 2,148 shares during the last quarter. Hedge funds and other institutional investors own 89.19% 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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