Stifel Financial Corp lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,625 shares of the financial services provider’s stock after acquiring an additional 18,876 shares during the period. Stifel Financial Corp owned approximately 0.12% of Iron Mountain Incorporated (Delaware) REIT worth $12,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. OxFORD Asset Management LLP bought a new position in Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter valued at approximately $455,000. Commerzbank Aktiengesellschaft FI bought a new position in Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter valued at approximately $241,000. Dimensional Fund Advisors LP lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,610,830 shares of the financial services provider’s stock valued at $140,460,000 after purchasing an additional 80,395 shares during the last quarter. Hartford Investment Management Co. lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 5.7% in the 3rd quarter. Hartford Investment Management Co. now owns 58,082 shares of the financial services provider’s stock valued at $2,259,000 after purchasing an additional 3,138 shares during the last quarter. Finally, Sun Life Financial INC lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 75.4% in the 3rd quarter. Sun Life Financial INC now owns 19,309 shares of the financial services provider’s stock valued at $751,000 after purchasing an additional 8,302 shares during the last quarter. 88.84% of the stock is owned by institutional investors.

In other news, SVP Edward Bicks sold 1,880 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total transaction of $78,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Patrick J. Keddy sold 23,428 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $39.04, for a total transaction of $914,629.12. The disclosure for this sale can be found here. Insiders have sold 30,721 shares of company stock valued at $1,208,946 in the last ninety days. Insiders own 1.50% of the company’s stock.

Iron Mountain Incorporated (NYSE IRM) opened at $40.12 on Friday. The stock has a market cap of $10,709.51, a price-to-earnings ratio of 19.29, a PEG ratio of 6.26 and a beta of 1.00. Iron Mountain Incorporated has a 52 week low of $31.39 and a 52 week high of $41.53. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.5875 per share. The ex-dividend date is Thursday, December 14th. This represents a $2.35 annualized dividend and a dividend yield of 5.86%. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 275.00%.

Several brokerages recently commented on IRM. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Sunday, September 3rd. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub raised shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT has a consensus rating of “Buy” and a consensus price target of $41.20.

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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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