Westpac Banking Corp Has $12.11 Million Position in Iron Mountain Incorporated (Delaware) REIT (IRM)

Westpac Banking Corp raised its stake in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 1,557.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,932 shares of the financial services provider’s stock after purchasing an additional 237,675 shares during the period. Westpac Banking Corp owned 0.09% of Iron Mountain Incorporated (Delaware) REIT worth $12,105,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Iron Mountain Incorporated (Delaware) REIT by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 43,398,710 shares of the financial services provider’s stock worth $1,491,180,000 after purchasing an additional 151,039 shares during the last quarter. BlackRock Inc. raised its position in Iron Mountain Incorporated (Delaware) REIT by 5.0% during the 2nd quarter. BlackRock Inc. now owns 18,924,442 shares of the financial services provider’s stock worth $650,244,000 after purchasing an additional 896,751 shares during the last quarter. Capital International Investors raised its position in Iron Mountain Incorporated (Delaware) REIT by 2.6% during the 3rd quarter. Capital International Investors now owns 12,811,172 shares of the financial services provider’s stock worth $498,355,000 after purchasing an additional 324,000 shares during the last quarter. Parnassus Investments CA raised its position in Iron Mountain Incorporated (Delaware) REIT by 1.0% during the 3rd quarter. Parnassus Investments CA now owns 12,497,627 shares of the financial services provider’s stock worth $486,158,000 after purchasing an additional 122,980 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Iron Mountain Incorporated (Delaware) REIT by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,610,830 shares of the financial services provider’s stock worth $140,460,000 after purchasing an additional 80,395 shares during the last quarter. 84.24% of the stock is owned by institutional investors and hedge funds.

Shares of Iron Mountain Incorporated (NYSE:IRM) opened at $35.30 on Friday. 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 1-year low of $32.53 and a 1-year high of $41.53. The firm has a market capitalization of $10,222.62, a PE ratio of 44.13, a price-to-earnings-growth ratio of 5.19 and a beta of 1.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The firm had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. During the same period last year, the business posted $0.44 EPS. The business’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 year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were issued a dividend of $0.5875 per share. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. This represents a $2.35 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date of this dividend was Thursday, December 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 293.75%.

In other Iron Mountain Incorporated (Delaware) REIT news, VP Theodore Maclean sold 1,500 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $40.60, for a total transaction of $60,900.00. Following the completion of the sale, the vice president now directly owns 8,679 shares in the company, valued at approximately $352,367.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Edward Bicks sold 1,880 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total value of $78,020.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,789 shares of company stock valued at $684,759. Company insiders own 1.50% of the company’s stock.

IRM has been the subject of several analyst reports. Zacks Investment Research lowered Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. TheStreet lowered Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. ValuEngine lowered Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Friday, October 20th. Finally, Evercore ISI initiated coverage on Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.

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

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