ValuEngine lowered shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) from a buy rating to a hold rating in a report released on Tuesday morning.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a hold rating to a sell rating in a research report on Friday, October 27th. Evercore ISI began 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. Stifel Nicolaus reissued a buy rating and set a $40.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Sunday, September 3rd. Robert W. Baird set a $39.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT and gave the company a hold rating in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Iron Mountain Incorporated (Delaware) REIT from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $41.20.

Iron Mountain Incorporated (NYSE IRM) traded up $0.21 during trading hours on Tuesday, reaching $37.96. 4,013,400 shares of the company’s stock traded hands, compared to its average volume of 1,294,973. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $10,234.37, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 5.98 and a beta of 1.00. Iron Mountain Incorporated has a 52-week low of $31.39 and a 52-week high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $966.00 million during 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 revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. analysts expect that Iron Mountain Incorporated will post 2.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a $0.5875 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 annualized dividend and a yield of 6.19%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is 275.00%.

In other Iron Mountain Incorporated (Delaware) REIT news, EVP Theodore Maclean sold 1,500 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Patrick J. Keddy sold 23,428 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $39.04, for a total transaction of $914,629.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,216 shares of company stock valued at $1,268,850. 1.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of IRM. Creative Planning lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 4.6% in the 2nd quarter. Creative Planning now owns 3,049 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 134 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock valued at $137,000 after buying an additional 322 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT during the 2nd quarter valued at $203,000. Penserra Capital Management LLC raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 7.5% during the 2nd quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock valued at $206,000 after buying an additional 422 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT during the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 88.84% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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