Iron Mountain Incorporated (Delaware) REIT (IRM) Director Alfred J. Verrecchia Acquires 5,000 Shares

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Director Alfred J. Verrecchia purchased 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $32.49 per share, for a total transaction of $162,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Iron Mountain Incorporated (NYSE:IRM) traded up $0.38 during midday trading on Friday, hitting $31.96. The company had a trading volume of 1,541,069 shares, compared to its average volume of 2,130,332. The company has a quick ratio of 1.08, a current ratio of 1.47 and a debt-to-equity ratio of 3.00. The firm has a market cap of $9,010.00, a PE ratio of 46.32 and a beta of 0.83. Iron Mountain Incorporated has a twelve month low of $31.34 and a twelve month high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last issued its earnings results on Friday, February 16th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $964.15 million. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.40% and a net margin of 4.78%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. sell-side analysts expect that Iron Mountain Incorporated will post 2.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 340.58%.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. 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. TheStreet cut Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Finally, Stifel Nicolaus lowered their price target on Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday. Two research 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 stock. The stock has a consensus rating of “Hold” and an average price target of $40.40.

Several hedge funds and other institutional investors have recently modified their holdings of IRM. FMR LLC grew its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 6.6% in the 2nd quarter. FMR LLC now owns 88,466 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 5,460 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 10.9% in the 3rd quarter. Mutual of America Capital Management LLC now owns 32,917 shares of the financial services provider’s stock worth $1,280,000 after acquiring an additional 3,243 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 23.7% in the 3rd quarter. Oakbrook Investments LLC now owns 12,540 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 2,400 shares during the last quarter. Oxbow Advisors LLC acquired a new position in shares of Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter worth $10,258,000. Finally, Nationwide Fund Advisors grew its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 68.8% in the 3rd quarter. Nationwide Fund Advisors now owns 115,794 shares of the financial services provider’s stock worth $4,504,000 after acquiring an additional 47,210 shares during the last quarter. Institutional investors and hedge funds own 87.23% 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.

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

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