Iron MountainIRM
IRM
About: Iron Mountain Inc is a record management services provider. It is organized as a REIT. Majority 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. It generates maximum revenue from Global RIM Business segment.
Employees: 28,850
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
17% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 99
1% more call options, than puts
Call options by funds: $191M | Put options by funds: $188M
0.25% more ownership
Funds ownership: 82.35% [Q3] → 82.6% (+0.25%) [Q4]
3% less funds holding
Funds holding: 1,034 [Q3] → 1,007 (-27) [Q4]
7% less capital invested
Capital invested by funds: $28.6B [Q3] → $26.6B (-$2.04B) [Q4]
14% less repeat investments, than reductions
Existing positions increased: 343 | Existing positions reduced: 401
56% less funds holding in top 10
Funds holding in top 10: 25 [Q3] → 11 (-14) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$121
32%
upside
Avg. target
$129
40%
upside
High target
$139
51%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
JP Morgan Andrew Steinerman 56% 1-year accuracy 10 / 18 met price target | 32%upside $121 | Overweight Maintained | 18 Feb 2025 |
Wells Fargo Eric Luebchow 60% 1-year accuracy 29 / 48 met price target | 36%upside $125 | Overweight Maintained | 4 Feb 2025 |
Barclays Brendan Lynch 52% 1-year accuracy 16 / 31 met price target | 42%upside $130 | Overweight Maintained | 28 Jan 2025 |
RBC Capital Jonathan Atkin 70% 1-year accuracy 14 / 20 met price target | 51%upside $139 | Outperform Maintained | 27 Nov 2024 |
Financial journalist opinion
Based on 18 articles about IRM published over the past 30 days
Neutral
Seeking Alpha
3 days ago
Iron Mountain: Near-Term Growth Trajectory Is A Concern
I am neutral on Iron Mountain (IRM) due to near-term execution risks and high valuation despite compelling long-term growth drivers in data centers and ALM. IRM's data center business is a significant growth catalyst, with strong revenue and margin expansion, but near-term pricing pressures and missed leasing targets are concerning. IRM's balance sheet risk is notable, with high leverage and increasing capex potentially pressuring free cash flow and limiting debt reduction and capital returns.
Negative
The Motley Fool
1 week ago
Why Iron Mountain Stock Plummeted by Over 7% on Thursday
Iron Mountain (IRM -7.28%) didn't quite end its 2024 on a high note, at least as far as its fundamentals were concerned. Thursday morning, the company released its fourth-quarter and full-year 2024 results, and investors weren't all that pleased with them.
Neutral
CNBC
1 week ago
Company ripped by Elon Musk that stores government records in a mine may actually get a boost from DOGE
Iron Mountain shares have struggled this week after Elon Musk mentioned the company's processing and storage of retirement records in a Pennsylvania mine. But the company said other parts of its business can actually benefit from the push for a more efficient government.
Positive
Zacks Investment Research
1 week ago
Iron Mountain Beats on Q4 FFO, Lags on Revenues, Hikes Dividend
IRM's Q4 results reflect solid performance in all business segments but are marred by higher interest expenses year over year.
Neutral
Seeking Alpha
1 week ago
Iron Mountain Incorporated (IRM) Q4 2024 Earnings Call Transcript
Iron Mountain Incorporated (NYSE:IRM ) Q4 2024 Earnings Conference Call February 13, 2025 8:30 AM ET Company Participants Mark Rupe - Senior Vice President of Investor Relations William Meaney - President and Chief Executive Officer Barry Hytinen - Executive Vice President and Chief Financial Officer Conference Call Participants George Tong - Goldman Sachs Nathan Crossett - BNP Eric Luebchow - Wells Fargo Brendan Lynch - Barclays Kevin McVeigh - UBS Andrew Steinerman - JPMorgan Shlomo Rosenbaum - Stifel Jonathan Atkin - RBC Capital Markets Operator Good morning and welcome to the Iron Mountain Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Neutral
Zacks Investment Research
1 week ago
Iron Mountain (IRM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Iron Mountain (IRM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 week ago
Iron Mountain (IRM) Surpasses Q4 Earnings Estimates
Iron Mountain (IRM) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $0.52 per share a year ago.
Positive
The Motley Fool
1 week ago
Iron Mountain Eyes Digital Expansion
Iron Mountain (IRM -3.28%), a leader in records management and data protection, revealed its fourth quarter results for 2024 on February 13.
Neutral
Business Wire
1 week ago
Iron Mountain Increases Quarterly Dividend per Share by 10%
PORTSMOUTH, N.H.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, declared a quarterly cash dividend of $0.785 per share of common stock representing an increase of 10% which is payable on April 4, 2025 to shareholders of record at the close of business on March 17, 2025. “Our strong results in 2024 and continued growth outlook validate that our strategic efforts to grow revenue and profitabilit.
Neutral
Business Wire
1 week ago
Iron Mountain Reports Fourth Quarter and Full Year 2024 Results
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announces financial results for the fourth quarter and full year 2024. “We are pleased to report that our fourth quarter and full year 2024 results were an all-time record for Revenue, Adjusted EBITDA, and AFFO. We continue to execute well against our Project Matterhorn growth strategy, delivering double-digit revenue growth in Q4 with strength across each of our busine.
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