KCM Investment Advisors LLC Purchases New Stake in Iron Mountain Incorporated (Delaware) REIT (IRM)

KCM Investment Advisors LLC purchased a new stake in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,912 shares of the financial services provider’s stock, valued at approximately $374,000.

A number of other hedge funds have also modified their holdings of IRM. Global X Management Co. LLC lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 196.2% during the 4th quarter. Global X Management Co. LLC now owns 3,540 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,345 shares during the last quarter. Aevitas Wealth Management Inc. purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT during the 4th quarter worth $155,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 11,438.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,846 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 4,804 shares during the last quarter. Solaris Asset Management LLC lifted its position in shares of Iron Mountain Incorporated (Delaware) REIT by 94.4% during the 4th quarter. Solaris Asset Management LLC now owns 5,663 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT during the 3rd quarter worth $215,000. 89.19% of the stock is owned by institutional investors.

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In related news, insider William L. Meaney sold 24,137 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $32.08, for a total transaction of $774,314.96. Following the sale, the insider now directly owns 93,587 shares in the company, valued at approximately $3,002,270.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alfred J. Verrecchia purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of $32.49 per share, for a total transaction of $162,450.00. The disclosure for this purchase can be found here. Insiders have sold a total of 40,029 shares of company stock worth $1,349,120 over the last quarter. 1.50% of the stock is owned by company insiders.

Shares of Iron Mountain Incorporated (Delaware) REIT stock opened at $30.89 on Friday. Iron Mountain Incorporated has a one year low of $30.78 and a one year high of $41.53. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $8,813.29, a price-to-earnings ratio of 14.64 and a beta of 0.90.

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 the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.40% and a net margin of 4.78%. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $964.15 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. Iron Mountain Incorporated (Delaware) REIT’s revenue was up 6.1% compared to the same quarter last year. analysts predict that Iron Mountain Incorporated will post 2.13 earnings per share for the current fiscal year.

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

Several research firms have recently issued reports on IRM. TheStreet cut shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Stifel Nicolaus decreased 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 research report on Tuesday, February 20th. Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, ValuEngine cut shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Iron Mountain Incorporated (Delaware) REIT has an average rating of “Hold” and an average price target of $40.40.

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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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