An issue of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) bonds fell 1% as a percentage of their face value during trading on Wednesday. The high-yield debt issue has a 4.875% coupon and is set to mature on September 15, 2027. The debt is now trading at $97.97 and was trading at $100.50 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

IRM has been the topic of several recent research reports. Robert W. Baird increased 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 report on Wednesday, October 25th. ValuEngine cut Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. 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 target price on the stock. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 target price (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.20.

Iron Mountain Incorporated (NYSE:IRM) traded up $0.10 during trading on Wednesday, hitting $36.33. The stock had a trading volume of 1,882,117 shares, compared to its average volume of 1,605,854. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $10,190.00, a PE ratio of 44.85, a price-to-earnings-growth ratio of 5.17 and a beta of 1.00. Iron Mountain Incorporated has a 52-week low of $32.53 and a 52-week high of $41.53.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a $0.5875 dividend. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.47%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 290.12%.

In other news, CFO Stuart B. Brown sold 1,900 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $40.75, for a total value of $77,425.00. Following the completion of the sale, the chief financial officer now owns 4,010 shares of the company’s stock, valued at approximately $163,407.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 111,592 shares of the company’s stock, valued at approximately $4,138,947.28. The disclosure for this sale can be found here. Insiders sold a total of 17,789 shares of company stock valued at $684,759 in the last three months. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Iron Mountain Incorporated (Delaware) REIT by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 322 shares during the last quarter. Principal Financial Group Inc. raised its stake in Iron Mountain Incorporated (Delaware) REIT by 4.9% in the 2nd quarter. Principal Financial Group Inc. now owns 398,841 shares of the financial services provider’s stock worth $13,704,000 after acquiring an additional 18,515 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Iron Mountain Incorporated (Delaware) REIT by 7.0% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,442 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 550 shares during the last quarter. Schroder Investment Management Group purchased a new position in Iron Mountain Incorporated (Delaware) REIT in the 2nd quarter worth $406,000. Finally, CIBC World Markets Inc. purchased a new position in Iron Mountain Incorporated (Delaware) REIT in the 2nd quarter worth $203,000. 84.24% of the stock is owned by hedge funds and other institutional investors.

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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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