Iron Mountain Incorporated (Delaware) REIT (IRM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 29.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 417,024 shares of the financial services provider’s stock after acquiring an additional 94,201 shares during the quarter. Wells Fargo & Company MN owned about 0.16% of Iron Mountain Incorporated (Delaware) REIT worth $16,222,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IRM. Russell Investments Group Ltd. boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 2.3% during the second quarter. Russell Investments Group Ltd. now owns 24,534 shares of the financial services provider’s stock worth $843,000 after buying an additional 557 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,188,184 shares of the financial services provider’s stock valued at $40,827,000 after purchasing an additional 43,250 shares during the period. First Trust Advisors LP boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 63.1% in the second quarter. First Trust Advisors LP now owns 115,108 shares of the financial services provider’s stock valued at $3,955,000 after purchasing an additional 44,534 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Iron Mountain Incorporated (Delaware) REIT in the second quarter valued at $898,000. Finally, Advisors Asset Management Inc. boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 17.9% in the second quarter. Advisors Asset Management Inc. now owns 72,606 shares of the financial services provider’s stock valued at $2,495,000 after purchasing an additional 11,042 shares during the period. 84.22% of the stock is owned by institutional investors.

A number of research firms recently issued reports on IRM. Zacks Investment Research lowered Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Robert W. Baird lifted 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. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Evercore ISI began 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 for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price target (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT has a consensus rating of “Hold” and an average price target of $41.20.

Iron Mountain Incorporated (NYSE IRM) traded down $0.35 on Friday, hitting $36.22. The stock had a trading volume of 1,670,000 shares, compared to its average volume of 2,130,000. 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 has a twelve month low of $32.53 and a twelve month high of $41.53. The firm has a market capitalization of $10,290.00, a PE ratio of 44.72, a P/E/G ratio of 5.25 and a beta of 1.00.

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, topping the Zacks’ 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 quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. equities research analysts forecast that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a $0.5875 dividend. This represents a $2.35 annualized dividend and a yield of 6.49%. 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. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 290.12%.

In other Iron Mountain Incorporated (Delaware) REIT news, VP Theodore Maclean sold 1,500 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $40.60, for a total value of $60,900.00. Following the sale, the vice president now owns 8,679 shares of the company’s stock, valued at approximately $352,367.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stuart B. Brown sold 1,900 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $40.75, for a total value of $77,425.00. Following the completion of the sale, the chief financial officer now directly owns 4,010 shares in the company, valued at approximately $163,407.50. The disclosure for this sale can be found here. Insiders sold a total of 17,789 shares of company stock worth $684,759 in the last 90 days. 1.50% of the stock is currently owned by insiders.

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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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