Macquarie Group Ltd. lowered its position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 65.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,398 shares of the financial services provider’s stock after selling 29,568 shares during the period. Macquarie Group Ltd.’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 25.7% in the second quarter. Toronto Dominion Bank now owns 83,270 shares of the financial services provider’s stock worth $2,861,000 after purchasing an additional 17,028 shares during the last quarter. Legal & General Group Plc lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 5.0% in the second quarter. Legal & General Group Plc now owns 1,279,747 shares of the financial services provider’s stock worth $43,969,000 after purchasing an additional 61,365 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 9.4% in the second quarter. JPMorgan Chase & Co. now owns 1,630,294 shares of the financial services provider’s stock worth $56,016,000 after purchasing an additional 140,286 shares during the last quarter. BP PLC bought a new stake in Iron Mountain Incorporated (Delaware) REIT in the third quarter worth about $1,244,000. Finally, Aviva PLC lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 10.3% in the second quarter. Aviva PLC now owns 163,656 shares of the financial services provider’s stock worth $5,625,000 after purchasing an additional 15,270 shares during the last quarter. 88.84% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on IRM. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Evercore ISI began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $46.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $40.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Sunday, September 3rd. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Iron Mountain Incorporated (Delaware) REIT presently has an average rating of “Hold” and an average target price of $41.20.

Shares of Iron Mountain Incorporated (NYSE IRM) traded up $0.54 during trading hours on Thursday, hitting $38.34. 7,926,900 shares of the stock were exchanged, compared to its average volume of 1,283,647. The stock has a market capitalization of $10,230.00, a price-to-earnings ratio of 18.17, a PEG ratio of 5.90 and a beta of 1.00. Iron Mountain Incorporated has a fifty-two week low of $31.39 and a fifty-two week high of $41.53. 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 (Delaware) REIT (NYSE:IRM) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. The business 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%. The company’s quarterly 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. sell-side analysts expect that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.5875 per share. The ex-dividend date is Thursday, December 14th. This is a positive change from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.13%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is 271.60%.

In other news, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $38.13, for a total transaction of $57,195.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Edward Bicks sold 1,880 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,216 shares of company stock worth $1,268,850. Corporate insiders own 1.50% of the company’s stock.

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Iron Mountain Incorporated (Delaware) REIT 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.

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Institutional Ownership by Quarter for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

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