Iron Mountain Incorporated (Delaware) REIT (IRM) Shares Bought by OLD Mutual Customised Solutions Proprietary Ltd.

OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 40.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,285 shares of the financial services provider’s stock after purchasing an additional 5,000 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Phocas Financial Corp. purchased a new position in Iron Mountain Incorporated (Delaware) REIT in the 4th quarter valued at approximately $318,000. Lake Street Advisors Group LLC purchased a new position in Iron Mountain Incorporated (Delaware) REIT during the fourth quarter worth $1,304,000. MetLife Investment Advisors LLC purchased a new position in Iron Mountain Incorporated (Delaware) REIT during the fourth quarter worth $3,285,000. Jump Trading LLC purchased a new position in Iron Mountain Incorporated (Delaware) REIT during the fourth quarter worth $284,000. Finally, Municipal Employees Retirement System of Michigan increased its position in Iron Mountain Incorporated (Delaware) REIT by 215.8% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 21,570 shares of the financial services provider’s stock worth $814,000 after buying an additional 14,740 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other 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 stock was sold at an average price of $32.08, for a total value of $774,314.96. Following the transaction, the insider now owns 93,587 shares in the company, valued at $3,002,270.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William L. Meaney sold 11,014 shares of Iron Mountain Incorporated (Delaware) REIT stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $37.09, for a total value of $408,509.26. Following the completion of the transaction, the insider now owns 111,592 shares in the company, valued at approximately $4,138,947.28. The disclosure for this sale can be found here. Insiders sold 40,029 shares of company stock worth $1,349,120 in the last quarter. 1.50% of the stock is owned by insiders.

Several equities analysts have weighed in on IRM shares. TheStreet downgraded Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. ValuEngine downgraded Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus dropped their price target on 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT presently has a consensus rating of “Hold” and a consensus target price of $40.40.

Shares of Iron Mountain Incorporated (IRM) opened at $30.89 on Monday. Iron Mountain Incorporated has a fifty-two week low of $30.78 and a fifty-two week high of $41.53. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $8,813.28, a price-to-earnings ratio of 44.77 and a beta of 0.90.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its quarterly earnings data on Friday, February 16th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $991.00 million for the quarter, compared to analyst estimates of $964.15 million. During the same quarter last year, the business earned $0.26 EPS. Iron Mountain Incorporated (Delaware) REIT’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts expect that Iron Mountain Incorporated will post 2.13 EPS for the current fiscal year.

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

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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.

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

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