Walter C. Rakowich Sells 1,734 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM) Stock

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Director Walter C. Rakowich sold 1,734 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $36.17, for a total value of $62,718.78. Following the sale, the director now owns 17,676 shares in the company, valued at $639,340.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Iron Mountain Incorporated (NYSE IRM) traded up $0.19 during mid-day trading on Friday, reaching $35.49. The company had a trading volume of 1,750,060 shares, compared to its average volume of 1,722,300. Iron Mountain Incorporated has a 1-year low of $32.53 and a 1-year high of $41.53. The company has a market capitalization of $9,930.00, a PE ratio of 43.81, a PEG ratio of 5.19 and a beta of 1.00. 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 announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. sell-side analysts predict that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.5875 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 annualized dividend and a yield of 6.62%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 290.12%.

IRM has been the topic of several research reports. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Evercore ISI assumed coverage on Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. Robert W. Baird upped their target price on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $41.20.

A number of hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 23.9% in the fourth quarter. State of Alaska Department of Revenue now owns 189,959 shares of the financial services provider’s stock valued at $7,164,000 after acquiring an additional 36,659 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 1,557.8% during the 4th quarter. Westpac Banking Corp now owns 252,932 shares of the financial services provider’s stock worth $12,105,000 after buying an additional 237,675 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 7.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,413,619 shares of the financial services provider’s stock worth $53,336,000 after buying an additional 103,781 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 66.2% during the 4th quarter. Bank of Montreal Can now owns 299,645 shares of the financial services provider’s stock worth $11,306,000 after buying an additional 119,380 shares in the last quarter. Finally, Solaris Asset Management LLC boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 94.4% during the 4th quarter. Solaris Asset Management LLC now owns 5,663 shares of the financial services provider’s stock worth $214,000 after buying an additional 2,750 shares in the last quarter. Institutional investors and hedge funds own 84.24% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

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