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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
64% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 97
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]
25% more capital invested
Capital invested by funds: $22.5B [Q2] → $28.3B (+$5.72B) [Q3]
7% more funds holding
Funds holding: 949 [Q2] → 1,011 (+62) [Q3]
4.41% less ownership
Funds ownership: 85.77% [Q2] → 81.36% (-4.41%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 305 | Existing positions reduced: 400
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Eric Luebchow 79% 1-year accuracy 34 / 43 met price target | 18%upside $135 | Overweight Maintained | 17 Oct 2024 |
Barclays Brendan Lynch 50% 1-year accuracy 14 / 28 met price target | 16%upside $133 | Overweight Maintained | 9 Oct 2024 |
Stifel Shlomo Rosenbaum 78% 1-year accuracy 14 / 18 met price target | 22%upside $140 | Buy Maintained | 23 Sept 2024 |
Financial journalist opinion
Based on 18 articles about IRM published over the past 30 days
