Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Downgraded by TheStreet to “C+”

TheStreet cut shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) from a b rating to a c+ rating in a report issued on Thursday, December 7th.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Iron Mountain Incorporated (Delaware) REIT from a buy rating to a hold rating in a research note on Tuesday, October 10th. ValuEngine raised Iron Mountain Incorporated (Delaware) REIT from a hold rating to a buy rating in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a buy rating and set a $43.00 price objective (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. Robert W. Baird set a $39.00 price objective on Iron Mountain Incorporated (Delaware) REIT and gave the stock a hold rating in a report on Friday, August 25th. Finally, BidaskClub raised Iron Mountain Incorporated (Delaware) REIT from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $41.20.

Iron Mountain Incorporated (NYSE IRM) traded down $0.12 during mid-day trading on Thursday, reaching $37.61. The company’s stock had a trading volume of 1,307,745 shares, compared to its average volume of 1,196,350. 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 firm has a market cap of $10,620.00, a price-to-earnings ratio of 46.43, a P/E/G ratio of 5.89 and a beta of 1.00. Iron Mountain Incorporated has a 52 week low of $32.27 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 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $960.99 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. equities analysts anticipate that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Thursday, December 14th. 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 290.12%.

In other Iron Mountain Incorporated (Delaware) REIT news, CFO Stuart B. Brown sold 1,900 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $40.75, for a total transaction of $77,425.00. Following the transaction, the chief financial officer now owns 4,010 shares in the company, valued at $163,407.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Theodore Maclean sold 1,495 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.07, for a total value of $59,904.65. Following the completion of the transaction, the chief marketing officer now owns 7,184 shares in the company, valued at approximately $287,862.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,703 shares of company stock worth $1,248,074. 1.50% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Pensionfund Sabic grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 16.3% in the 4th quarter. Pensionfund Sabic now owns 28,500 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 4,000 shares in the last quarter. Pensionfund DSM Netherlands grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 17.7% in the 4th quarter. Pensionfund DSM Netherlands now owns 66,500 shares of the financial services provider’s stock worth $2,509,000 after buying an additional 10,000 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 0.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,690 shares of the financial services provider’s stock worth $20,566,000 after buying an additional 2,780 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 2.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 114,291 shares of the financial services provider’s stock worth $4,446,000 after buying an additional 2,505 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 57.5% in the 3rd quarter. Moors & Cabot Inc. now owns 14,319 shares of the financial services provider’s stock worth $557,000 after buying an additional 5,228 shares in the last quarter. 84.22% of the stock is owned by institutional investors.

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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.

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