State of Alaska Department of Revenue raised its position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 29.2% during the first quarter, Holdings Channel reports. The institutional investor owned 115,930 shares of the financial services provider’s stock after buying an additional 26,210 shares during the period. State of Alaska Department of Revenue’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $4,134,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Moody National Bank Trust Division increased its stake in Iron Mountain Incorporated (Delaware) REIT by 2.8% in the first quarter. Moody National Bank Trust Division now owns 24,795 shares of the financial services provider’s stock worth $884,000 after buying an additional 665 shares in the last quarter. Ledyard National Bank acquired a new stake in Iron Mountain Incorporated (Delaware) REIT during the first quarter worth $108,000. Trust Department MB Financial Bank N A acquired a new stake in Iron Mountain Incorporated (Delaware) REIT during the first quarter worth $178,000. DnB Asset Management AS increased its stake in Iron Mountain Incorporated (Delaware) REIT by 27.3% in the first quarter. DnB Asset Management AS now owns 20,042 shares of the financial services provider’s stock worth $715,000 after buying an additional 4,300 shares in the last quarter. Finally, Washington Trust Bank increased its stake in Iron Mountain Incorporated (Delaware) REIT by 195.0% in the first quarter. Washington Trust Bank now owns 9,985 shares of the financial services provider’s stock worth $356,000 after buying an additional 6,600 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Iron Mountain Incorporated (NYSE:IRM) traded up 0.88% during mid-day trading on Thursday, reaching $36.52. 822,768 shares of the company traded hands. The firm has a 50 day moving average of $35.23 and a 200-day moving average of $34.42. The stock has a market capitalization of $9.63 billion, a PE ratio of 86.13 and a beta of 0.95. Iron Mountain Incorporated has a 52 week low of $30.75 and a 52 week high of $41.50.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.01. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 19.82% and a net margin of 1.90%. The business had revenue of $934 million for the quarter, compared to analysts’ expectations of $938.23 million. During the same quarter in the previous year, the firm posted $0.57 EPS. Iron Mountain Incorporated (Delaware) REIT’s revenue was up 24.2% on a year-over-year basis. On average, equities research analysts expect that Iron Mountain Incorporated will post $1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 6.02%. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 733.33%.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. TheStreet raised shares of Iron Mountain Incorporated (Delaware) REIT from a “c+” rating to a “b” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank AG assumed coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, February 22nd. They issued a “hold” rating and a $39.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Iron Mountain Incorporated (Delaware) REIT presently has a consensus rating of “Hold” and an average target price of $42.40.

In other news, insider William L. Meaney sold 11,305 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $37.63, for a total transaction of $425,407.15. Following the sale, the insider now owns 83,874 shares in the company, valued at $3,156,178.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anastasios Tsolakis sold 1,482 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $37.50, for a total value of $55,575.00. Following the sale, the executive vice president now owns 61,389 shares in the company, valued at approximately $2,302,087.50. The disclosure for this sale can be found here. Insiders have sold 21,432 shares of company stock worth $805,487 in the last 90 days. Insiders own 1.80% of the company’s stock.

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.

5 Day Chart for NYSE:IRM

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