Iron Mountain Inc (IRM) Investment Increased by Raymond James & Associates

Marco Green
November 17, 2017

FMR LLC raised its position in Iron Mountain by 6.0% in the 1st quarter. The value of the investment in (IRM) increased from $26,061,000 to $29,744,000 increasing 14.1% since the last quarter. BlackRock Inc. raised its holdings in Iron Mountain by 5.0% during the second quarter. Dimensional Fund Advisors Lp now owns 3,610,830 shares valued at $140,460,000. The Quebec - Canada-based Caisse De Depot Et Placement Du Quebec has invested 0% in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM).

Mutual Of America Capital Management Llc increased Southwestern Energy Co (NYSE:SWN) stake by 355,212 shares to 419,030 valued at $2.55M in 2017Q2. This is an increase from Iron Mountain's previous quarterly dividend of $0.55. 'When seeking opportunities to expand our presence in these regions, we look to acquire or invest in established local companies that share our focus on security and trust as cornerstones of excellent customer service. The sales growth over the last 5 years is at 3.10% while earning per share for the last 12 months is at 0.81. The stock was sold at an average price of $40.02, for a total transaction of $841,900.74. Following the sale, the executive vice president now owns 62,379 shares in the company, valued at approximately $2,496,407.58. Oregon Public Employees Retirement Fund's holdings in Iron Mountain were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Also, VP Theodore Maclean sold 1,500 shares of the company's stock in a transaction on Wednesday, November 8th. It increased, as 32 investors sold IRM shares while 91 reduced holdings. Cardinal Capital Management Llc bought 1.58 million shares as the company's stock declined 12.85% while stock markets rallied.

TRADEMARK VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and global trademark and copyright laws. Aqr Cap Mgmt Ltd holds 0% of its portfolio in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) for 45,452 shares.

A number of research analysts recently commented on the company. The consensus recommendation rating is a Hold. BidaskClub upgraded Iron Mountain from a "hold" rating to a "buy" rating in a research report on Friday, August 4th. They set an "outperform" rating and a $46.00 target price on the stock. The firm earned "Buy" rating on Friday, October 20 by Stifel Nicolaus. On September 3 Stifel Nicolaus maintained a company rating of "Buy" projecting a price of $40.00. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock.

The dividend yield for the company is hovering around 5.73% while the pay out ratio is now at 276.60%. The firm has a market capitalization of $10,941.75, a PE ratio of 19.71, a PEG ratio of 6.39 and a beta of 1.02. Vanguard holds 0.07% of its portfolio in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) for 43.40M shares. RAKOWICH WALTER C also sold $54,553 worth of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) on Tuesday, May 30.

Prologis, Inc. most recently reported earnings per share (EPS) of $0.67 for the September 2017 versus $0.73 in the same quarter a year ago, representing -8% growth. Iron Mountain had a net margin of 5.54% and a return on equity of 15.49%. The firm's quarterly revenue was up 2.4% compared to the same quarter a year ago.

Among 5 analysts covering Iron Mountain Incorporated (NYSE:IRM), 2 have Buy rating, 2 Sell and 1 Hold.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.5875 per share. This is a positive change from Iron Mountain's previous quarterly dividend of $0.55. This represents a $2.35 dividend on an annualized basis and a yield of 5.73%.

Mutual Of America Capital Management Llc decreased Iron Mountain Inc. Iron Mountain's footprint in Asia now includes a network of 16 facilities in mainland China and an additional 36 facilities across Hong Kong, Macau, Taiwan, Singapore, Malaysia, Thailand, South Korea, the Philippines and Indonesia, serving the storage and information management needs of more than 8,600 customers with services for records information management, data storage, document imaging and secure destruction. The Company provides storage and information management services to legal, financial, healthcare, insurance, life sciences, energy, businesses services, entertainment and government organizations.

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