Iron Mountain Incorporated (Delaware) REIT (IRM) Receives Average Rating of “Hold” from Analysts

Shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) have earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $40.50.

IRM has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of 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 downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Evercore ISI started coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price for the company. 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 for the company in a research report on Monday, October 9th. Finally, TheStreet downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th.

Shares of Iron Mountain Incorporated (IRM) traded up $0.32 during midday trading on Tuesday, reaching $35.81. 1,891,400 shares of the company’s stock traded hands, compared to its average volume of 1,734,379. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.59. Iron Mountain Incorporated has a twelve month low of $32.53 and a twelve month high of $41.53. The company has a market capitalization of $10,080.00, a P/E ratio of 44.21, a P/E/G ratio of 5.07 and a beta of 1.00.

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

In other Iron Mountain Incorporated (Delaware) REIT news, CMO Theodore Maclean sold 1,495 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.07, for a total transaction of $59,904.65. Following the transaction, the chief marketing officer now directly owns 7,184 shares of the company’s stock, valued at approximately $287,862.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $37.09, for a total transaction of $408,509.26. Following the transaction, the insider now directly owns 111,592 shares in the company, valued at $4,138,947.28. The disclosure for this sale can be found here. Insiders sold a total of 19,523 shares of company stock worth $747,478 over the last 90 days. Company insiders own 1.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Strs Ohio grew its position in Iron Mountain Incorporated (Delaware) REIT by 11.4% during the 4th quarter. Strs Ohio now owns 371,814 shares of the financial services provider’s stock worth $14,028,000 after purchasing an additional 38,136 shares during the last quarter. Foster & Motley Inc. purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT in the fourth quarter valued at about $1,921,000. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 5.7% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 243,654 shares of the financial services provider’s stock valued at $9,193,000 after acquiring an additional 13,060 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 23.9% in the fourth quarter. State of Alaska Department of Revenue now owns 189,959 shares of the financial services provider’s stock valued at $7,164,000 after acquiring an additional 36,659 shares in the last quarter. Finally, Westpac Banking Corp boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 1,557.8% in the fourth quarter. Westpac Banking Corp now owns 252,932 shares of the financial services provider’s stock valued at $12,105,000 after acquiring an additional 237,675 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.themarketsdaily.com/2018/01/23/iron-mountain-incorporated-delaware-reit-irm-receives-average-rating-of-hold-from-analysts.html.

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.

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.

Latest News

Leave a Reply