Investors Buy Large Volume of Iron Mountain Incorporated (Delaware) REIT Put Options (IRM)

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) was the target of unusually large options trading on Wednesday. Investors acquired 2,308 put options on the stock. This represents an increase of 917% compared to the average daily volume of 227 put options.

Several brokerages recently weighed in on IRM. Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Friday, October 20th. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. TheStreet downgraded Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Evercore ISI initiated coverage on Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 target price for the company. Finally, Zacks Investment Research upgraded Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Iron Mountain Incorporated (IRM) opened at $35.76 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 company has a market capitalization of $10,080.00, a PE ratio of 44.15, a price-to-earnings-growth ratio of 5.11 and a beta of 1.00. Iron Mountain Incorporated has a 1 year low of $32.53 and a 1 year high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm 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 return on equity of 15.49% and a net margin of 5.54%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. equities research analysts anticipate that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.

In related news, Director Walter C. Rakowich sold 1,734 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $36.17, for a total transaction of $62,718.78. Following the completion of the sale, the director now directly owns 17,676 shares in the company, valued at approximately $639,340.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CMO Theodore Maclean sold 1,495 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.07, for a total value of $59,904.65. Following the sale, the chief marketing officer now owns 7,184 shares of the company’s stock, valued at $287,862.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,523 shares of company stock valued at $747,478. 1.50% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its position in Iron Mountain Incorporated (Delaware) REIT by 11,438.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,846 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 4,804 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in Iron Mountain Incorporated (Delaware) REIT in the third quarter valued at about $213,000. Conning Inc. bought a new position in Iron Mountain Incorporated (Delaware) REIT in the third quarter valued at about $213,000. Solaris Asset Management LLC raised its position in Iron Mountain Incorporated (Delaware) REIT by 94.4% in the fourth quarter. Solaris Asset Management LLC now owns 5,663 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the third quarter worth about $215,000. Hedge funds and other institutional investors own 84.30% 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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