Iron Mountain
About: Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Employees: 27,000
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
95% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 82
61% more call options, than puts
Call options by funds: $357M | Put options by funds: $222M
39% more funds holding in top 10
Funds holding in top 10: 18 [Q2] → 25 (+7) [Q3]
26% more capital invested
Capital invested by funds: $22.5B [Q2] → $28.3B (+$5.79B) [Q3]
8% more funds holding
Funds holding: 951 [Q2] → 1,029 (+78) [Q3]
4.22% less ownership
Funds ownership: 85.81% [Q2] → 81.59% (-4.22%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 310 | Existing positions reduced: 410
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$131
25%
upside
Avg. target
$136
30%
upside
High target
$140
33%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Jonathan Atkin 44% 1-year accuracy 8 / 18 met price target | 32%upside $139 | Outperform Maintained | 27 Nov 2024 |
Barclays Brendan Lynch 33% 1-year accuracy 10 / 30 met price target | 25%upside $131 | Overweight Maintained | 18 Nov 2024 |
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target | 28%upside $135 | Overweight Maintained | 17 Oct 2024 |
Stifel Shlomo Rosenbaum 72% 1-year accuracy 13 / 18 met price target | 33%upside $140 | Buy Maintained | 23 Sept 2024 |
Financial journalist opinion
Based on 14 articles about IRM published over the past 30 days
Negative
Zacks Investment Research
1 day ago
Iron Mountain Stock Declines 10.5% in 3 Months: Buy, Hold or Sell?
Though setbacks with rate cuts and the company's debt burden have hurt IRM of late, opportunities are there for reacceleration. Let's explore whether to add, retain or discard this stock.
Neutral
Seeking Alpha
1 week ago
Iron Mountain: Well-Run REIT, Overpriced For Now
Iron Mountain Incorporated generates strong revenue, earnings, and AFFO growth with a robust business model that offers non-cyclical continuity. IRM's high P/E ratio and low forward dividend yield of 2.55% indicate overvaluation. Management is adept at generating a high ROE and finding new ways to monetize services.
Neutral
Seeking Alpha
1 week ago
Iron Mountain Incorporated (IRM) Barclays 22nd Annual Global Technology Conference - (Transcript)
Iron Mountain Incorporated (NYSE:IRM ) Barclays 22nd Annual Global Technology Conference Call December 11, 2024 11:05 AM ET Company Participants Barry Hytinen - Executive Vice President and Chief Financial Officer Conference Call Participants Brendan Lynch - Barclays Brendan Lynch Good morning, everyone. My name is Brendan Lynch.
Neutral
Business Wire
1 week ago
Iron Mountain announces the election of June Yee Felix to the Board of Directors
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, today announced that it has elected June Yee Felix to the Board of Directors, effective January 1, 2025. Ms. Felix is an accomplished global executive with three decades of extensive leadership experience in the financial services, fintech and technology sectors. From 2018 to 2023, Ms. Felix was Group CEO of IG Group plc, a global fintech company, having served on its b.
Positive
Zacks Investment Research
1 week ago
Iron Mountain (IRM) Up 1.2% Since Last Earnings Report: Can It Continue?
Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
1 week ago
Iron Mountain Stock Rises 38.5% in Six Months: Will the Trend Last?
Strong cash flows in the storage and records management business and a focus on the data center business are upsides for IRM.
Positive
Seeking Alpha
1 week ago
Goldilocks Data Upholds Fed Cut
U.S. equity markets climbed to fresh record-highs this week, while benchmark interest rates ticked lower, after a critical slate of employment data showed lukewarm labor market trends in November. Viewed as a "Goldilocks" report that effectively locked in a December rate cut, payrolls data showed solid "headline" job growth of 227k in November, but notably weaker trends under the surface. Posting gains for a third straight week to extend its post-election rally to around 7%, the S&P 500 advanced another 0.9% this week - pacing for its best year since 2019.
Positive
Finbold
1 week ago
2 cheap dividend stocks to kickstart your 2025 portfolio
Dividend stocks offer an ideal option for investors aiming to build a portfolio in 2025 due to their ability to provide income and growth.
Neutral
Seeking Alpha
2 weeks ago
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the largest median discount to net asset value at 21.6%. Datacenter REITs (only two in the analysis) traded at the largest median premium to NAV, at 27.6%.
Neutral
Business Wire
2 weeks ago
Iron Mountain to Present at Financial Conference
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the Barclays 22nd Annual Global Technology Conference in San Francisco, CA. Date: Wednesday, December 11, 2024 Time: 8:05 am PT (11:05 am ET) Presenters: Barry A. Hytinen, Executive Vice President and Chief Financial Officer The presentation is being webcast and it will be accessible on the Investor Relation.
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