Iron Mountain (NYSE:IRM) Share Price Breaks Below 200 Day Moving Average – Should You Sell?

Iron Mountain Incorporated (NYSE:IRM) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $115.31 and traded as low as $104.19. Iron Mountain shares last traded at $105.2280, with a volume of 4,353,102 shares traded.

Iron Mountain News Summary

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) beat estimates, supported by data-center leasing growth, asset lifecycle management and resilient storage operations. Revenue was about $1.99 billion, up 13.5% year over year, and the company raised its 2026 outlook. Article: IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: IRM increased its quarterly dividend 14.9% to $0.993 per share, equivalent to about $3.97 annually and a 3.8% yield. The higher payout may support investor appeal. Article: Iron Mountain Increases Quarterly Dividend per Share by 15%
• Negative Sentiment: The main pressure was softer-than-expected revenue guidance for the fourth quarter. Investors appeared to weigh that near-term outlook more heavily than the quarterly beat and raised full-year forecast. Article: Iron Mountain shares decline as revenue guidance falls below forecasts despite Q3 earnings beat

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IRM. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Truist Financial upped their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Wells Fargo & Company increased their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Rothschild & Co Redburn began coverage on shares of Iron Mountain in a report on Monday, September 21st. They issued a “buy” rating and a $132.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and an average target price of $143.89.

Iron Mountain Price Performance

The firm’s 50-day simple moving average is $114.08 and its 200 day simple moving average is $115.31. The firm has a market capitalization of $31.33 billion, a price-to-earnings ratio of 75.16 and a beta of 1.18.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, November 5th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business posted $1.32 EPS. The company’s revenue was up 13.5% compared to the same quarter last year. As a group, research analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current year.

Iron Mountain Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 15th will be paid a $0.9930 dividend. This represents a $3.97 annualized dividend and a yield of 3.8%. This is a boost from Iron Mountain’s previous quarterly dividend of $0.8640. The ex-dividend date of this dividend is Tuesday, December 15th. Iron Mountain’s payout ratio is 246.43%.

Insider Activity at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $115.60, for a total value of $693,600.00. Following the transaction, the executive vice president owned 95,507 shares in the company, valued at $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $110.45, for a total value of $4,249,453.30. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,249,453.30. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,948 shares of company stock valued at $11,048,567 over the last ninety days. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently added to or reduced their stakes in the stock. Aew Capital Management Inc. bought a new position in Iron Mountain in the third quarter worth approximately $444,000. Maryland State Retirement & Pension System grew its stake in Iron Mountain by 13.0% in the third quarter. Maryland State Retirement & Pension System now owns 18,056 shares of the financial services provider’s stock valued at $2,003,000 after acquiring an additional 2,076 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Iron Mountain by 11.4% during the third quarter. Ritholtz Wealth Management now owns 2,513 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 258 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Iron Mountain during the third quarter valued at approximately $2,705,000. Finally, First Command Advisory Services Inc. increased its holdings in shares of Iron Mountain by 810.1% during the third quarter. First Command Advisory Services Inc. now owns 2,157 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 1,920 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.