ARP Americas LP Buys New Position in Iron Mountain Incorporated (Delaware) REIT (IRM)

ARP Americas LP purchased a new stake in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,307 shares of the financial services provider’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IRM. Bank of New York Mellon Corp raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 97.6% during the fourth quarter. Bank of New York Mellon Corp now owns 7,074,314 shares of the financial services provider’s stock valued at $266,914,000 after buying an additional 3,495,078 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 4.9% during the fourth quarter. BlackRock Inc. now owns 20,016,344 shares of the financial services provider’s stock valued at $755,217,000 after buying an additional 929,906 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 89.2% during the third quarter. Pictet Asset Management Ltd. now owns 1,462,729 shares of the financial services provider’s stock valued at $56,900,000 after buying an additional 689,800 shares during the last quarter. Athos Capital Ltd raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 7,231.4% during the third quarter. Athos Capital Ltd now owns 675,958 shares of the financial services provider’s stock valued at $9,112,000 after buying an additional 666,738 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 40.0% during the third quarter. JPMorgan Chase & Co. now owns 2,282,533 shares of the financial services provider’s stock valued at $88,518,000 after buying an additional 652,239 shares during the last quarter. 87.23% of the stock is currently owned by institutional investors.

In related news, insider William L. Meaney sold 24,137 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $32.08, for a total transaction of $774,314.96. Following the sale, the insider now owns 93,587 shares of the company’s stock, valued at $3,002,270.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Theodore Maclean sold 1,495 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.07, for a total value of $59,904.65. Following the sale, the chief marketing officer now directly owns 7,184 shares in the company, valued at approximately $287,862.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,801 shares of company stock worth $1,385,166. 1.50% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on IRM shares. Stifel Nicolaus cut their price target on Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday. ValuEngine raised Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. TheStreet cut Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research raised Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $40.40.

Shares of Iron Mountain Incorporated (NYSE:IRM) opened at $31.58 on Friday. Iron Mountain Incorporated has a twelve month low of $31.34 and a twelve month high of $41.53. The company has a market capitalization of $8,980.00, a P/E ratio of 45.77 and a beta of 0.83. The company has a current ratio of 1.47, a quick ratio of 1.08 and a debt-to-equity ratio of 3.00.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its earnings results on Friday, February 16th. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.40% and a net margin of 4.78%. The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $964.15 million. During the same period in the previous year, the firm earned $0.26 EPS. Iron Mountain Incorporated (Delaware) REIT’s revenue for the quarter was up 6.1% on a year-over-year basis. analysts expect that Iron Mountain Incorporated will post 2.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.5875 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.35 annualized dividend and a yield of 7.44%. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 340.58%.

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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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