Two Sigma Advisers LP Buys 11,400 Shares of Iron Mountain Incorporated (Delaware) REIT (IRM)

Two Sigma Advisers LP raised its stake in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,247 shares of the financial services provider’s stock after buying an additional 11,400 shares during the quarter. Two Sigma Advisers LP’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $5,141,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in IRM. Nationwide Fund Advisors raised its stake in Iron Mountain Incorporated (Delaware) REIT by 68.8% during the third quarter. Nationwide Fund Advisors now owns 115,794 shares of the financial services provider’s stock valued at $4,504,000 after buying an additional 47,210 shares during the last quarter. New York State Common Retirement Fund raised its stake in Iron Mountain Incorporated (Delaware) REIT by 1.3% during the third quarter. New York State Common Retirement Fund now owns 572,100 shares of the financial services provider’s stock valued at $22,255,000 after buying an additional 7,500 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Iron Mountain Incorporated (Delaware) REIT by 9.8% during the third quarter. Russell Investments Group Ltd. now owns 26,934 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 2,400 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Iron Mountain Incorporated (Delaware) REIT by 57.0% during the third quarter. Ameriprise Financial Inc. now owns 270,265 shares of the financial services provider’s stock valued at $10,522,000 after buying an additional 98,091 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Iron Mountain Incorporated (Delaware) REIT by 1.9% during the third quarter. Great West Life Assurance Co. Can now owns 184,131 shares of the financial services provider’s stock valued at $7,135,000 after buying an additional 3,486 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

In other news, insider William L. Meaney sold 24,137 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $32.08, for a total value of $774,314.96. Following the completion of the transaction, the insider now owns 93,587 shares in the company, valued at $3,002,270.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Theodore Maclean sold 1,076 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $32.30, for a total value of $34,754.80. Following the completion of the transaction, the executive vice president now owns 6,367 shares of the company’s stock, valued at approximately $205,654.10. The disclosure for this sale can be found here. Insiders sold 40,029 shares of company stock valued at $1,349,120 in the last 90 days. Company insiders own 1.50% of the company’s stock.

IRM stock opened at $32.86 on Friday. Iron Mountain Incorporated has a 1-year low of $30.78 and a 1-year high of $41.53. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $9,375.34, a PE ratio of 15.57 and a beta of 0.90.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its quarterly earnings results on Friday, February 16th. The financial services provider reported $0.53 earnings per share 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 business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $964.15 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. research analysts anticipate that Iron Mountain Incorporated will post 2.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.5875 dividend. This represents a $2.35 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Wednesday, March 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio is currently 110.33%.

A number of research analysts have issued reports on IRM shares. TheStreet cut Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research note on Thursday, December 7th. ValuEngine cut Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Stifel Nicolaus lowered their price objective on Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. Finally, Goldman Sachs started coverage on Iron Mountain Incorporated (Delaware) REIT in a research note on Tuesday. They set a “buy” rating and a $41.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.50.

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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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