Iron Mountain Incorporated (Delaware) REIT Sees Unusually Large Options Volume (NYSE:IRM)

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) saw unusually large options trading activity on Thursday. Stock investors bought 890 call options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 call options.

Iron Mountain Incorporated (NYSE IRM) traded down $0.28 during trading on Wednesday, reaching $40.07. 982,786 shares of the company’s stock traded hands, compared to its average volume of 1,229,635. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.59. Iron Mountain Incorporated has a 52-week low of $31.39 and a 52-week high of $41.53. The company has a market cap of $10,818.96, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 6.32 and a beta of 1.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a net margin of 5.54% and a return on equity of 15.49%. The firm had revenue of $966.00 million during the quarter, compared to analyst estimates of $960.99 million. During the same quarter last year, the business earned $0.44 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. equities research analysts expect that Iron Mountain Incorporated will post 2.14 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.5875 per share. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, December 14th. This represents a $2.35 annualized dividend and a dividend yield of 5.86%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is 275.00%.

Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Robert W. Baird increased their price objective on shares of Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. ValuEngine raised shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $43.00 target price (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $41.20.

In other Iron Mountain Incorporated (Delaware) REIT news, SVP Edward Bicks sold 1,880 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total value of $78,020.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stuart B. Brown sold 1,900 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $40.75, for a total transaction of $77,425.00. Following the completion of the transaction, the chief financial officer now owns 4,010 shares in the company, valued at $163,407.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,758 shares of company stock valued at $2,050,846. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in IRM. Toronto Dominion Bank grew its position in Iron Mountain Incorporated (Delaware) REIT by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 83,270 shares of the financial services provider’s stock valued at $2,861,000 after purchasing an additional 17,028 shares during the period. CIBC Asset Management Inc lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 2.7% during the 2nd quarter. CIBC Asset Management Inc now owns 24,826 shares of the financial services provider’s stock valued at $853,000 after acquiring an additional 651 shares in the last quarter. Legal & General Group Plc lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 5.0% during the 2nd quarter. Legal & General Group Plc now owns 1,279,747 shares of the financial services provider’s stock valued at $43,969,000 after acquiring an additional 61,365 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Iron Mountain Incorporated (Delaware) REIT by 9.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,630,294 shares of the financial services provider’s stock valued at $56,016,000 after acquiring an additional 140,286 shares in the last quarter. Finally, BP PLC bought a new position in Iron Mountain Incorporated (Delaware) REIT during the 3rd quarter valued at $1,244,000. 88.84% of the stock is owned by institutional investors.

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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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