Greenhouse Funds LLLP boosted its position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 75.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 479,655 shares of the financial services provider’s stock after acquiring an additional 207,033 shares during the period. Iron Mountain Incorporated (Delaware) REIT accounts for about 5.1% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 6th largest position. Greenhouse Funds LLLP’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $18,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zimmer Partners LP bought a new stake in Iron Mountain Incorporated (Delaware) REIT during the 4th quarter worth approximately $95,378,000. Rodgers Brothers Inc. purchased a new stake in Iron Mountain Incorporated (Delaware) REIT during the 4th quarter valued at approximately $328,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 22.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 37,970 shares of the financial services provider’s stock valued at $1,433,000 after buying an additional 7,018 shares in the last quarter. Teachers Advisors LLC grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 3.2% during the 4th quarter. Teachers Advisors LLC now owns 754,755 shares of the financial services provider’s stock valued at $28,477,000 after buying an additional 23,125 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Iron Mountain Incorporated (Delaware) REIT by 3.9% during the 4th quarter. California State Teachers Retirement System now owns 466,569 shares of the financial services provider’s stock valued at $17,604,000 after buying an additional 17,345 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

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In related news, insider William L. Meaney sold 24,137 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.08, for a total value of $774,314.96. Following the completion of the transaction, the insider now directly owns 93,587 shares of the company’s stock, valued at $3,002,270.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $37.09, for a total transaction of $408,509.26. Following the completion of the transaction, the insider now directly owns 111,592 shares of the company’s stock, valued at $4,138,947.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,306 shares of company stock valued at $1,325,261. 1.50% of the stock is currently owned by insiders.

Iron Mountain Incorporated (NYSE IRM) opened at $32.64 on Wednesday. Iron Mountain Incorporated has a fifty-two week low of $30.95 and a fifty-two week high of $41.53. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $9,420.00, a price-to-earnings ratio of 47.83 and a beta of 0.90.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Iron Mountain Incorporated (Delaware) REIT had a net margin of 4.78% and a return on equity of 15.40%. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $964.15 million. During the same period last year, the business posted $0.26 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts predict that Iron Mountain Incorporated will post 2.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 340.58%.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Zacks Investment Research lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, TheStreet lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $40.40.

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Iron Mountain Incorporated (Delaware) REIT Company 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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