Aureus Asset Management LLC Purchases 1,660 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM)

Aureus Asset Management LLC increased its position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 23.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,843 shares of the financial services provider’s stock after buying an additional 1,660 shares during the quarter. Aureus Asset Management LLC’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in IRM. Creative Planning grew its stake in Iron Mountain Incorporated (Delaware) REIT by 4.6% in the second quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 134 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,200 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 100 shares during the period. Russell Investments Group Ltd. increased its position in Iron Mountain Incorporated (Delaware) REIT by 2.3% in 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 in the last quarter. ING Groep NV purchased a new stake in Iron Mountain Incorporated (Delaware) REIT in the second quarter worth about $432,000. Finally, Harbour Capital Advisors LLC grew its position in shares of Iron Mountain Incorporated (Delaware) REIT by 3,335.8% during the second quarter. Harbour Capital Advisors LLC now owns 7,387 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 7,172 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.

In related news, SVP Edward Bicks sold 1,880 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were 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 accessible through this hyperlink. Also, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $38.13, for a total transaction of $57,195.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,758 shares of company stock worth $2,050,846. Corporate insiders own 1.50% of the company’s stock.

Several equities analysts have weighed in on the company. ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. 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 note on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. Finally, Evercore ISI assumed coverage on Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $41.20.

Iron Mountain Incorporated (IRM) traded down $0.22 during trading hours on Tuesday, reaching $40.53. The company’s stock had a trading volume of 1,626,700 shares, compared to its average volume of 1,232,699. Iron Mountain Incorporated has a 52 week low of $31.39 and a 52 week high of $41.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.59. The stock has a market cap of $10,877.69, a price-to-earnings ratio of 19.59, a P/E/G ratio of 6.36 and a beta of 1.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $960.99 million. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. analysts anticipate that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.5875 per share. 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 5.80%. This is a positive change from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is currently 275.00%.

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

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