Iron Mountain Incorporated (Delaware) REIT (IRM) Holding Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Iron Mountain Incorporated (Delaware) REIT (IRM) Holding Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 29.5% during the first quarter, Holdings Channel reports. The firm owned 18,193 shares of the financial services provider’s stock after buying an additional 4,148 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $649,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Parnassus Investments CA raised its position in Iron Mountain Incorporated (Delaware) REIT by 3.8% in the first quarter. Parnassus Investments CA now owns 11,942,837 shares of the financial services provider’s stock worth $414,108,000 after buying an additional 441,458 shares during the period. River Road Asset Management LLC raised its position in Iron Mountain Incorporated (Delaware) REIT by 3.4% in the first quarter. River Road Asset Management LLC now owns 3,471,116 shares of the financial services provider’s stock worth $123,815,000 after buying an additional 114,171 shares during the period. Dimensional Fund Advisors LP raised its position in Iron Mountain Incorporated (Delaware) REIT by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,311,407 shares of the financial services provider’s stock worth $107,554,000 after buying an additional 275,336 shares during the period. Bank of New York Mellon Corp raised its position in Iron Mountain Incorporated (Delaware) REIT by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 2,923,702 shares of the financial services provider’s stock worth $104,288,000 after buying an additional 135,159 shares during the period. Finally, Janus Capital Management LLC raised its position in Iron Mountain Incorporated (Delaware) REIT by 39.7% in the fourth quarter. Janus Capital Management LLC now owns 2,795,538 shares of the financial services provider’s stock worth $90,799,000 after buying an additional 794,355 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Shares of Iron Mountain Incorporated (NYSE:IRM) traded down 0.23% during midday trading on Tuesday, reaching $35.09. The company’s stock had a trading volume of 61,971 shares. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 92.34 and a beta of 0.95. Iron Mountain Incorporated has a 12 month low of $30.75 and a 12 month high of $41.50. The stock has a 50-day moving average of $35.33 and a 200 day moving average of $34.68.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.03. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 19.82% and a net margin of 1.90%. The business had revenue of $939 million during the quarter, compared to the consensus estimate of $928.62 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict that Iron Mountain Incorporated will post $1.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $2.20 annualized dividend and a dividend yield of 6.26%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is currently 733.33%.

A number of equities research analysts have commented on IRM shares. Zacks Investment Research lowered Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. TheStreet upgraded Iron Mountain Incorporated (Delaware) REIT from a “c+” rating to a “b” rating in a research report on Thursday, February 23rd. Finally, Deutsche Bank AG started coverage on Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, February 22nd. They set a “hold” rating and a $39.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Iron Mountain Incorporated (Delaware) REIT presently has an average rating of “Hold” and an average price target of $42.40.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IRM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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