ValuEngine lowered shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a buy rating to a hold rating in a research note on Tuesday, October 10th. 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 reiterated a buy rating and issued a $43.00 price target (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Friday, October 20th. Robert W. Baird set a $39.00 price target on shares of Iron Mountain Incorporated (Delaware) REIT and gave the company a hold rating in a research note on Friday, August 25th. Finally, Evercore ISI assumed 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 target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT presently has a consensus rating of Hold and a consensus target price of $41.20.

Iron Mountain Incorporated (NYSE:IRM) opened at $37.68 on Tuesday. The firm has a market cap of $10,234.37, a price-to-earnings ratio of 18.43, a P/E/G ratio of 5.98 and a beta of 1.00. Iron Mountain Incorporated has a 12-month low of $31.63 and a 12-month high of $41.53. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.08 and a quick ratio of 1.08.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The business 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 firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. equities analysts forecast that Iron Mountain Incorporated will post 2.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.5875 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a yield of 6.24%. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is currently 275.00%.

In other news, CFO Stuart B. Brown sold 1,900 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $40.75, for a total transaction of $77,425.00. Following the completion of the sale, the chief financial officer now owns 4,010 shares in the company, valued at approximately $163,407.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Edward Bicks sold 1,880 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,216 shares of company stock valued at $1,268,850. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of IRM. BlackRock Inc. lifted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 5.0% during the 2nd quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after buying an additional 896,751 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 25.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock worth $139,231,000 after buying an additional 720,270 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 89.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock worth $56,900,000 after buying an additional 689,800 shares during the last quarter. Athos Capital Ltd lifted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 7,231.4% during the 3rd quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock worth $9,112,000 after buying an additional 666,738 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 40.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock worth $88,518,000 after buying an additional 652,239 shares during the last quarter. Institutional investors own 88.84% 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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