News stories about Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iron Mountain Incorporated (Delaware) REIT earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.0014150280721 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Iron Mountain Incorporated (IRM) traded up $0.22 during midday trading on Wednesday, reaching $32.85. 274,176 shares of the company were exchanged, compared to its average volume of 2,056,228. Iron Mountain Incorporated has a 12-month low of $30.95 and a 12-month high of $41.53. The stock has a market capitalization of $9,420.00, a P/E ratio of 47.83 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 (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 Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The company had revenue of $991.00 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 earnings per share. equities analysts predict that Iron Mountain Incorporated will post 2.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a yield of 7.15%. The ex-dividend date is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is currently 340.58%.
Several research firms have recently commented on IRM. TheStreet lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a report on Thursday, December 7th. Stifel Nicolaus reduced 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 note 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 research note on Tuesday, December 26th. Finally, ValuEngine lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.40.
In other Iron Mountain Incorporated (Delaware) REIT news, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 111,592 shares of the company’s stock, valued at $4,138,947.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 93,587 shares in the company, valued at $3,002,270.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,306 shares of company stock valued at $1,325,261. 1.50% of the stock is owned by company insiders.
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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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