Legal & General Group Plc Acquires 18,901 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM)

Legal & General Group Plc lifted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,298,648 shares of the financial services provider’s stock after buying an additional 18,901 shares during the period. Legal & General Group Plc owned approximately 0.49% of Iron Mountain Incorporated (Delaware) REIT worth $50,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IRM. BlackRock Inc. boosted its stake in shares of Iron Mountain Incorporated (Delaware) REIT by 5.0% during the second quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after buying an additional 896,751 shares during the period. Bank of New York Mellon Corp lifted its position in Iron Mountain Incorporated (Delaware) REIT by 25.2% in the third quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock valued at $139,231,000 after purchasing an additional 720,270 shares during the period. Pictet Asset Management Ltd. lifted its position in Iron Mountain Incorporated (Delaware) REIT by 89.2% in the third quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock valued at $56,900,000 after purchasing an additional 689,800 shares during the period. Athos Capital Ltd lifted its position in Iron Mountain Incorporated (Delaware) REIT by 7,231.4% in the third quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock valued at $9,112,000 after purchasing an additional 666,738 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Iron Mountain Incorporated (Delaware) REIT by 32.2% in the second quarter. Janus Henderson Group PLC now owns 1,820,642 shares of the financial services provider’s stock valued at $62,566,000 after purchasing an additional 443,182 shares during the period. Institutional investors and hedge funds own 88.84% of the company’s stock.

In other Iron Mountain Incorporated (Delaware) REIT news, EVP Theodore Maclean sold 1,500 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Edward Bicks sold 1,880 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,758 shares of company stock valued at $2,050,846. 1.50% of the stock is currently owned by corporate insiders.

Shares of Iron Mountain Incorporated (NYSE IRM) traded down $0.28 during trading hours on Thursday, reaching $40.07. 982,700 shares of the company were exchanged, compared to its average volume of 1,229,635. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $10,770.91, a P/E ratio of 19.40, a P/E/G ratio of 6.30 and a beta of 1.00. Iron Mountain Incorporated has a 1 year low of $31.39 and a 1 year high of $41.53.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.5875 dividend. The ex-dividend date is Thursday, December 14th. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 dividend on an annualized basis and a yield of 5.86%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is 275.00%.

A number of brokerages recently commented on IRM. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Friday, October 20th. ValuEngine upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Evercore ISI began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective for the company. Zacks Investment Research upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird raised their price objective on shares of Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Iron Mountain Incorporated (Delaware) REIT currently has an average rating of “Buy” and a consensus price target of $41.20.

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Iron Mountain Incorporated (Delaware) REIT 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.

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

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