Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 975,164 shares of the financial services provider’s stock after purchasing an additional 51,000 shares during the quarter. Swiss National Bank owned approximately 0.34% of Iron Mountain Incorporated (Delaware) REIT worth $36,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IRM. Robeco Institutional Asset Management B.V. increased its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 11,438.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,846 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 4,804 shares during the period. Rehmann Capital Advisory Group acquired a new position in Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter valued at $213,000. Conning Inc. acquired a new position in Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter valued at $213,000. Zeke Capital Advisors LLC acquired a new position in Iron Mountain Incorporated (Delaware) REIT in the 3rd quarter valued at $215,000. Finally, Solaris Asset Management LLC increased its stake in Iron Mountain Incorporated (Delaware) REIT by 94.4% in the 4th quarter. Solaris Asset Management LLC now owns 5,663 shares of the financial services provider’s stock valued at $214,000 after buying an additional 2,750 shares during the period. 87.23% of the stock is currently owned by institutional investors.

In other news, insider William L. Meaney sold 24,137 shares of the 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 completion of the transaction, the insider now directly owns 93,587 shares in the company, valued at approximately $3,002,270.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William L. Meaney sold 11,014 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $37.09, for a total value of $408,509.26. Following the transaction, the insider now owns 111,592 shares of the company’s stock, valued at $4,138,947.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,801 shares of company stock valued at $1,385,166. 1.50% of the stock is owned by company insiders.

Several equities analysts have issued reports on IRM shares. ValuEngine cut shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Stifel Nicolaus decreased their target price on shares of Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. Finally, TheStreet lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Iron Mountain Incorporated (Delaware) REIT has a consensus rating of “Hold” and an average price target of $40.40.

Iron Mountain Incorporated (NYSE:IRM) traded up $0.38 during midday trading on Friday, hitting $31.96. 1,532,965 shares of the stock were exchanged, compared to its average volume of 2,270,000. The firm has a market cap of $9,120.00, a P/E ratio of 46.32 and a beta of 0.83. Iron Mountain Incorporated has a one year low of $31.34 and a one year high of $41.53. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.08 and a current ratio of 1.47.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its earnings results on Friday, February 16th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.04). The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $964.15 million. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.40% and a net margin of 4.78%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. analysts expect that Iron Mountain Incorporated will post 2.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is presently 340.58%.

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Iron Mountain Incorporated (Delaware) REIT Profile

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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