LDR Capital Management LLC Buys Shares of 11,073 Iron Mountain Incorporated $IRM

LDR Capital Management LLC acquired a new position in shares of Iron Mountain Incorporated (NYSE:IRM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,073 shares of the financial services provider’s stock, valued at approximately $1,129,000. Iron Mountain makes up 1.7% of LDR Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IRM. Quent Capital LLC purchased a new stake in shares of Iron Mountain in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its stake in Iron Mountain by 111.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 650 shares of the financial services provider’s stock worth $67,000 after buying an additional 343 shares during the period. City Holding Co. purchased a new position in shares of Iron Mountain in the 3rd quarter valued at $68,000. First Horizon Corp acquired a new position in shares of Iron Mountain during the 3rd quarter valued at $68,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Iron Mountain in the 2nd quarter valued at $79,000. 80.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO William L. Meaney sold 38,482 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $83.17, for a total value of $3,200,547.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $83.10, for a total transaction of $498,600.00. Following the sale, the executive vice president owned 55,081 shares in the company, valued at $4,577,231.10. This trade represents a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,038 shares of company stock valued at $18,424,270 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Iron Mountain Stock Up 1.4%

Shares of NYSE IRM opened at $94.00 on Tuesday. The stock’s 50 day moving average price is $86.03 and its two-hundred day moving average price is $94.18. Iron Mountain Incorporated has a 52-week low of $72.33 and a 52-week high of $112.18. The stock has a market capitalization of $27.79 billion, a P/E ratio of 181.32 and a beta of 1.13.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. Iron Mountain had a net margin of 2.40% and a negative return on equity of 112.70%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Iron Mountain has set its FY 2025 guidance at 5.040-5.130 EPS. On average, analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $0.864 per share. This is an increase from Iron Mountain’s previous quarterly dividend of $0.79. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, December 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 652.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IRM shares. Jefferies Financial Group initiated coverage on Iron Mountain in a research report on Monday, September 22nd. They issued a “buy” rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Iron Mountain from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Barclays reissued an “overweight” rating and set a $126.00 target price on shares of Iron Mountain in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Iron Mountain in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.40.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.