Rhumbline Advisers raised its position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 516,054 shares of the financial services provider’s stock after buying an additional 10,028 shares during the period. Rhumbline Advisers owned approximately 0.20% of Iron Mountain Incorporated (Delaware) REIT worth $17,732,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Iron Mountain Incorporated (Delaware) REIT by 180.0% in the first quarter. JPMorgan Chase & Co. now owns 1,490,008 shares of the financial services provider’s stock worth $53,149,000 after buying an additional 957,896 shares in the last quarter. Clinton Group Inc. acquired a new position in shares of Iron Mountain Incorporated (Delaware) REIT during the first quarter worth approximately $1,477,000. Oregon Public Employees Retirement Fund increased its position in shares of Iron Mountain Incorporated (Delaware) REIT by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 113,536 shares of the financial services provider’s stock worth $4,050,000 after buying an additional 1,400 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Iron Mountain Incorporated (Delaware) REIT by 12.9% in the first quarter. LS Investment Advisors LLC now owns 10,085 shares of the financial services provider’s stock worth $360,000 after buying an additional 1,156 shares in the last quarter. Finally, Webster Bank N. A. increased its position in shares of Iron Mountain Incorporated (Delaware) REIT by 57.4% in the second quarter. Webster Bank N. A. now owns 31,661 shares of the financial services provider’s stock worth $1,088,000 after buying an additional 11,548 shares in the last quarter. Institutional investors own 85.97% of the company’s stock.

Shares of Iron Mountain Incorporated (NYSE:IRM) opened at 37.13 on Friday. Iron Mountain Incorporated has a 52 week low of $30.75 and a 52 week high of $39.75. The stock has a market capitalization of $9.82 billion, a PE ratio of 50.93 and a beta of 0.94. The company has a 50-day moving average price of $35.61 and a 200 day moving average price of $35.44.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $950 million during the quarter, compared to analyst estimates of $955.05 million. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 14.46% and a net margin of 5.14%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. Equities analysts forecast that Iron Mountain Incorporated will post $1.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Thursday, September 14th. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 297.30%.

COPYRIGHT VIOLATION WARNING: This story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2017/08/18/iron-mountain-incorporated-delaware-reit-irm-position-increased-by-rhumbline-advisers.html.

Several brokerages recently weighed in on IRM. BidaskClub raised Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 price target on shares of Iron Mountain Incorporated (Delaware) REIT in a research note on Friday, June 9th. Finally, Deutsche Bank AG cut Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating and reduced their price target for the stock from $41.00 to $30.00 in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.67.

In other news, EVP John Tomovcsik sold 29,450 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $38.00, for a total value of $1,119,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 1,552 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $35.15, for a total value of $54,552.80. Following the completion of the transaction, the director now directly owns 15,074 shares of the company’s stock, valued at $529,851.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,102 shares of company stock valued at $1,247,447. Corporate insiders own 1.50% of the company’s stock.

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)

Receive News & Stock Ratings for Iron Mountain Incorporated (Delaware) REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated (Delaware) REIT and related stocks with our FREE daily email newsletter.