Insider Selling: Iron Mountain Incorporated (Delaware) REIT (IRM) EVP Sells 1,345 Shares of Stock

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) EVP Theodore Maclean sold 1,345 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $33.43, for a total value of $44,963.35. Following the completion of the transaction, the executive vice president now owns 5,839 shares in the company, valued at $195,197.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Theodore Maclean also recently made the following trade(s):

  • On Friday, December 8th, Theodore Maclean sold 1,495 shares of Iron Mountain Incorporated (Delaware) REIT stock. The stock was sold at an average price of $40.07, for a total value of $59,904.65.

Iron Mountain Incorporated (NYSE:IRM) opened at $32.12 on Wednesday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.08 and a current ratio of 1.47. The firm has a market capitalization of $9,463.79, a PE ratio of 15.72 and a beta of 0.83. Iron Mountain Incorporated has a twelve month low of $31.89 and a twelve month high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The business had revenue of $991.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. equities analysts predict that Iron Mountain Incorporated will post 2.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.5875 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.35 annualized dividend and a yield of 7.32%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 340.58%.

Several research analysts have recently issued reports on IRM shares. 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 lowered Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Robert W. Baird raised their price target on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. TheStreet lowered Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Finally, Stifel Nicolaus reduced 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 analysts have rated the stock with a sell rating, two have assigned 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 an average price target of $40.40.

A number of hedge funds have recently bought and sold shares of IRM. Cbre Clarion Securities LLC lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 286.4% during the fourth quarter. Cbre Clarion Securities LLC now owns 5,496,196 shares of the financial services provider’s stock worth $207,371,000 after acquiring an additional 4,073,921 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 97.6% during the fourth quarter. Bank of New York Mellon Corp now owns 7,074,314 shares of the financial services provider’s stock worth $266,914,000 after acquiring an additional 3,495,078 shares in the last quarter. Zimmer Partners LP bought a new position in Iron Mountain Incorporated (Delaware) REIT during the fourth quarter worth about $95,378,000. Deutsche Bank AG lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 102.7% during the fourth quarter. Deutsche Bank AG now owns 2,260,425 shares of the financial services provider’s stock worth $85,281,000 after acquiring an additional 1,145,503 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 4.9% during the fourth quarter. BlackRock Inc. now owns 20,016,344 shares of the financial services provider’s stock worth $755,217,000 after acquiring an additional 929,906 shares in the last quarter. Hedge funds and other institutional investors own 87.23% of the company’s stock.

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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.

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

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