Iron Mountain Incorporated (NYSE:IRM) Receives $131.67 Average Price Target from Analysts

Shares of Iron Mountain Incorporated (NYSE:IRM) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $131.6667.

IRM has been the subject of several analyst reports. Weiss Ratings upgraded Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Zacks Research upgraded Iron Mountain from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. Finally, Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th.

Insider Buying and Selling

In other news, CAO Daniel Borges sold 7,189 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $126.70, for a total value of $760,200.00. Following the sale, the executive vice president owned 113,507 shares of the company’s stock, valued at approximately $14,381,336.90. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 143,260 shares of company stock worth $17,203,835 in the last three months. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Iron Mountain

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. increased its holdings in shares of Iron Mountain by 20.0% during the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after buying an additional 3,155,034 shares during the last quarter. State Street Corp increased its holdings in shares of Iron Mountain by 1.9% during the 3rd quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock worth $1,759,494,000 after buying an additional 322,144 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Iron Mountain by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after buying an additional 102,073 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after buying an additional 776,933 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Iron Mountain by 8.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after purchasing an additional 358,497 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $132.42 on Monday. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $134.68. The company has a market capitalization of $39.40 billion, a P/E ratio of 145.51 and a beta of 1.19. The business has a 50 day moving average price of $125.32 and a 200 day moving average price of $106.89.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $1.17 EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, research analysts expect that Iron Mountain will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be issued a $0.864 dividend. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.6%. Iron Mountain’s payout ratio is 380.22%.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.