WINTON GROUP Ltd Acquires 15,783 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM)

WINTON GROUP Ltd grew its holdings in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 264.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,745 shares of the financial services provider’s stock after purchasing an additional 15,783 shares during the quarter. WINTON GROUP Ltd’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 5.0% in the 2nd quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock valued at $650,244,000 after acquiring an additional 896,751 shares during the period. Bank of New York Mellon Corp raised its position in shares of Iron Mountain Incorporated (Delaware) REIT by 25.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,579,236 shares of the financial services provider’s stock valued at $139,231,000 after acquiring an additional 720,270 shares during the period. Pictet Asset Management Ltd. raised its holdings in Iron Mountain Incorporated (Delaware) REIT by 89.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock worth $56,900,000 after buying an additional 689,800 shares during the period. Athos Capital Ltd raised its holdings in Iron Mountain Incorporated (Delaware) REIT by 7,231.4% during the 3rd quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock worth $9,112,000 after buying an additional 666,738 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Iron Mountain Incorporated (Delaware) REIT by 40.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock worth $88,518,000 after buying an additional 652,239 shares during the period. 88.84% of the stock is currently owned by institutional investors.

Iron Mountain Incorporated (IRM) traded down $0.18 during midday trading on Wednesday, hitting $40.35. 762,600 shares of the stock were exchanged, compared to its average volume of 1,230,690. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.59. Iron Mountain Incorporated has a 12 month low of $31.39 and a 12 month high of $41.53. The firm has a market capitalization of $10,818.96, a P/E ratio of 19.49, a PEG ratio of 6.32 and a beta of 1.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $966.00 million for the quarter, compared to the consensus estimate of $960.99 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts predict that Iron Mountain Incorporated will post 2.14 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.5875 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 annualized dividend and a dividend yield of 5.82%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is currently 275.00%.

In related news, EVP Theodore Maclean sold 1,500 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $38.13, for a total value of $57,195.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Edward Bicks sold 1,880 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. Insiders sold 51,758 shares of company stock valued at $2,050,846 over the last three months. 1.50% of the stock is owned by company insiders.

Several analysts have 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 report on Friday, October 27th. Evercore ISI assumed coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and set a $40.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Sunday, September 3rd. Robert W. Baird set a $39.00 target price on shares of Iron Mountain Incorporated (Delaware) REIT and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub upgraded shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Iron Mountain Incorporated (Delaware) REIT has a consensus rating of “Buy” and an average target price of $41.20.

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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.

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

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