Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) was the target of unusually large options trading on Thursday. Stock traders purchased 1,415 call options on the stock. This represents an increase of approximately 956% compared to the typical daily volume of 134 call options.

In related news, SVP Edward Bicks sold 1,880 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Tomovcsik sold 21,037 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.02, for a total value of $841,900.74. Following the sale, the executive vice president now owns 62,379 shares in the company, valued at approximately $2,496,407.58. The disclosure for this sale can be found here. Insiders have sold 51,758 shares of company stock worth $2,050,846 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,249 shares of the financial services provider’s stock valued at $627,000 after purchasing an additional 56 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the financial services provider’s stock valued at $522,000 after purchasing an additional 100 shares during the last quarter. Trust Investment Advisors grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 0.3% in the second quarter. Trust Investment Advisors now owns 37,090 shares of the financial services provider’s stock valued at $1,274,000 after purchasing an additional 115 shares during the last quarter. Creative Planning grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 4.6% in the second quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 134 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 2.2% in the second quarter. Moors & Cabot Inc. now owns 9,091 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 200 shares during the last quarter. 88.84% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on IRM shares. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus reiterated 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 report on Friday, October 20th. Robert W. Baird upped their price objective on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Monday, October 9th. Finally, BidaskClub upgraded 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 presently has an average rating of “Buy” and an average target price of $41.20.

Shares of Iron Mountain Incorporated (NYSE IRM) opened at $40.75 on Friday. 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 stock has a market capitalization of $10,877.68, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 6.36 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.

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

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.5875 dividend. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 annualized dividend and a dividend yield of 5.77%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 275.00%.

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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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