Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Director Walter C. Rakowich sold 1,734 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.17, for a total value of $62,718.78. Following the transaction, the director now owns 17,676 shares in the company, valued at $639,340.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Iron Mountain Incorporated (IRM) traded up $0.19 during trading on Friday, hitting $35.49. The company’s stock had a trading volume of 1,750,060 shares, compared to its average volume of 1,722,300. The company has a market cap of $9,930.00, a PE ratio of 43.81, a price-to-earnings-growth ratio of 5.19 and a beta of 1.00. Iron Mountain Incorporated has a 52-week low of $32.53 and a 52-week 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 issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $966.00 million for the quarter, compared to analyst estimates of $960.99 million. During the same period in the prior year, the firm earned $0.44 earnings per share. Iron Mountain Incorporated (Delaware) REIT’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.62%. This is a positive change from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, December 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 290.12%.

Several large investors have recently modified their holdings of IRM. BlackRock Inc. raised its position 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 purchasing an additional 896,751 shares during the period. Bank of New York Mellon Corp raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 25.2% during the third 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 purchasing an additional 720,270 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 89.2% during the third quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock worth $56,900,000 after purchasing an additional 689,800 shares during the period. Athos Capital Ltd raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 7,231.4% during the third quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock worth $9,112,000 after purchasing an additional 666,738 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 40.0% during the third quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock worth $88,518,000 after purchasing an additional 652,239 shares during the period. 84.24% of the stock is currently owned by institutional investors.

IRM has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. ValuEngine cut Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Evercore ISI initiated 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 on the stock. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Finally, Stifel Nicolaus restated 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 given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.20.

TRADEMARK VIOLATION WARNING: “Walter C. Rakowich Sells 1,734 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM) Stock” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://theolympiareport.com/2018/01/19/walter-c-rakowich-sells-1734-shares-of-iron-mountain-incorporated-delaware-reit-irm-stock.html.

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.

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

Receive News & Ratings for Iron Mountain Incorporated (Delaware) REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated (Delaware) REIT and related companies with MarketBeat.com's FREE daily email newsletter.