Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,502 shares of the financial services provider’s stock after acquiring an additional 3,253 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of IRM. Vanguard Group Inc. lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 43,398,710 shares of the financial services provider’s stock worth $1,491,180,000 after buying an additional 151,039 shares in the last quarter. BlackRock Inc. lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 5.0% in the 2nd 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 in the last quarter. Parnassus Investments CA lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 1.0% in the 3rd quarter. Parnassus Investments CA now owns 12,497,627 shares of the financial services provider’s stock worth $486,158,000 after buying an additional 122,980 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 25.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock worth $139,231,000 after buying an additional 720,270 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Iron Mountain Incorporated (Delaware) REIT by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,530,435 shares of the financial services provider’s stock worth $121,305,000 after buying an additional 124,704 shares in the last quarter. Institutional investors and hedge funds own 88.84% of the company’s stock.

Iron Mountain Incorporated (NYSE IRM) traded down $0.28 on Thursday, hitting $40.07. 982,700 shares of the stock traded hands, compared to its average volume of 1,229,635. The company has a market cap 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 one year low of $31.39 and a one year high of $41.53. 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 (Delaware) REIT (NYSE:IRM) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The company had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. Iron Mountain Incorporated (Delaware) REIT had a net margin of 5.54% and a return on equity of 15.49%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a $0.5875 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.35 annualized dividend and a dividend yield of 5.86%. 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 presently 275.00%.

In other news, EVP Theodore Maclean sold 1,500 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward Bicks sold 1,880 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was 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. Insiders sold a total of 51,758 shares of company stock valued at $2,050,846 in the last three months. Insiders own 1.50% of the company’s stock.

IRM has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Sunday, September 3rd. Zacks Investment Research upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, October 9th. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, Evercore ISI began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT presently has an average rating of “Buy” and a consensus target price 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.

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

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