Teachers Advisors LLC Acquires 23,125 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM)

Teachers Advisors LLC increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 754,755 shares of the financial services provider’s stock after purchasing an additional 23,125 shares during the quarter. Teachers Advisors LLC’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $28,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IRM. Cbre Clarion Securities LLC boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 286.4% during the fourth quarter. Cbre Clarion Securities LLC now owns 5,496,196 shares of the financial services provider’s stock worth $207,371,000 after purchasing an additional 4,073,921 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 97.6% during the fourth quarter. Bank of New York Mellon Corp now owns 7,074,314 shares of the financial services provider’s stock worth $266,914,000 after purchasing an additional 3,495,078 shares during the last quarter. Deutsche Bank AG boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 102.7% during the fourth quarter. Deutsche Bank AG now owns 2,260,425 shares of the financial services provider’s stock worth $85,281,000 after purchasing an additional 1,145,503 shares during the last quarter. BlackRock Inc. boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 4.9% during the fourth quarter. BlackRock Inc. now owns 20,016,344 shares of the financial services provider’s stock worth $755,217,000 after purchasing an additional 929,906 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 40.0% during the third quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock worth $88,518,000 after purchasing an additional 652,239 shares during the last quarter. Institutional investors and hedge funds own 89.19% of the company’s stock.

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

In other news, Director Alfred J. Verrecchia purchased 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average price of $32.49 per share, for a total transaction of $162,450.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William L. Meaney sold 11,014 shares of the 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 sale, the insider now owns 111,592 shares of the company’s stock, valued at approximately $4,138,947.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,029 shares of company stock valued at $1,349,120. Corporate insiders own 1.50% of the company’s stock.

Shares of IRM stock opened at $30.89 on Friday. The company has a market cap of $9,027.26, a price-to-earnings ratio of 44.77 and a beta of 0.90. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.47. Iron Mountain Incorporated has a 12 month low of $30.78 and a 12 month high of $41.53.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is currently 340.58%.

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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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