Iron Mountain Incorporated (Delaware) REIT (IRM) Shares Sold by KBC Group NV

KBC Group NV reduced its position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 25.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,595 shares of the financial services provider’s stock after selling 11,741 shares during the period. KBC Group NV’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IRM. Creative Planning increased its stake in Iron Mountain Incorporated (Delaware) REIT by 4.6% in the 2nd 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 in the last quarter. Pacer Advisors Inc. increased its stake in Iron Mountain Incorporated (Delaware) REIT by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 322 shares in the last quarter. CIBC World Markets Inc. purchased a new position in Iron Mountain Incorporated (Delaware) REIT during the second quarter worth $203,000. Penserra Capital Management LLC increased its position in Iron Mountain Incorporated (Delaware) REIT by 7.5% during the second quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock worth $206,000 after buying an additional 422 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new position in Iron Mountain Incorporated (Delaware) REIT during the second quarter worth $207,000. 88.84% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on IRM shares. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price target on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Sunday, September 3rd. Zacks Investment Research raised Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Monday, October 9th. ValuEngine raised 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. Finally, Robert W. Baird set a $39.00 price target on Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Iron Mountain Incorporated (NYSE IRM) traded down $2.90 during trading on Wednesday, reaching $37.80. The company’s stock had a trading volume of 8,606,800 shares, compared to its average volume of 1,255,844. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59. The stock has a market capitalization of $10,864.34, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 6.35 and a beta of 1.00. Iron Mountain Incorporated has a one year low of $31.39 and a one year high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company 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%. Iron Mountain Incorporated (Delaware) REIT’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. research analysts anticipate that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.22%. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is currently 275.00%.

In other news, SVP Edward Bicks sold 1,880 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total value of $78,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Theodore Maclean sold 1,495 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.07, for a total value of $59,904.65. Following the completion of the sale, the chief marketing officer now directly owns 7,184 shares of the company’s stock, valued at approximately $287,862.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,216 shares of company stock valued at $1,268,850. Company insiders own 1.50% 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.

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

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