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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
145% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 65
61% more call options, than puts
Call options by funds: $359M | 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: $22.7B [Q2] → $28.6B (+$5.86B) [Q3]
8% more funds holding
Funds holding: 952 [Q2] → 1,029 (+77) [Q3]
4.2% less ownership
Funds ownership: 86.54% [Q2] → 82.34% (-4.2%) [Q3]
25% less repeat investments, than reductions
Existing positions increased: 310 | Existing positions reduced: 411
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$131
20%
upside
Avg. target
$135
24%
upside
High target
$139
27%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Jonathan Atkin 53% 1-year accuracy 10 / 19 met price target | 27%upside $139 | Outperform Maintained | 27 Nov 2024 |
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target | 20%upside $131 | Overweight Maintained | 18 Nov 2024 |
Financial journalist opinion
Based on 7 articles about IRM published over the past 30 days
Positive
Seeking Alpha
1 week ago
Iron Mountain's Warranted Correction Triggers A Richer Return Profile Ahead
IRM has already lost all of its July/ August 2024 market rotation gains, with it offering interested investors with an improved margin of safety. This is significantly aided by the rich dividend hike by +10%, well exceeding historical averages, with it triggering the REIT's richer return profile moving forward. IRM is set to report increased data center leasing over the next few quarters, significantly aided by the recent acquisition & the eventual capacity growth to over 1.2 GW (+30%).
Positive
Zacks Investment Research
2 weeks ago
Should Iron Mountain Stock Be Retained in Your Portfolio Now?
IRM to benefit from the stable core storage and records management business. Focus on the data center is an add-on.
Neutral
CNBC Television
2 weeks ago
Final Trades: Amazon, Uber and Iron Mountain
The Investment Committee give you their top stocks to watch on the last trading day of the year.
Negative
Seeking Alpha
2 weeks ago
REITs To Avoid In 2025
Not all REITs are worth buying. Some property sectors are risky and overpriced. I present REITs to avoid in 2025.
Neutral
Schwab Network
3 weeks ago
The Big 3: IRM, LNG, XLE
Today's Big 3 are LNG, IRM, XLE. Kevin Green walks through example trades on all 3 names and looks at the technicals on each.
Neutral
Seeking Alpha
3 weeks ago
How To Become A Real Estate Tycoon (My Blueprint Revealed)
Embracing negativity and learning from setbacks fueled my journey to become a top analyst on Seeking Alpha, focusing on fundamental analysis. Second-level thinking, as taught by mentors like Chuck Carnevale, is crucial for long-term investment success, emphasizing earnings over emotions. REITs, particularly Realty Income, offer strong potential due to their scale, diversification, and disciplined risk management, making them attractive for 2025.
Positive
Seeking Alpha
4 weeks ago
Lessons Learned Summed Up In One Simple Sentence
My journey on Seeking Alpha began after personal financial setbacks, but persistence and relevance helped me build a strong community and career. I highlight Iron Mountain, Agree Realty, and STAG Industrial as top REIT picks, emphasizing their strong business models and growth potential. Iron Mountain's shift to a REIT and focus on data centers has driven significant growth, though shares are currently overvalued.
Negative
Zacks Investment Research
1 month 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 month 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 month 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.
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