Advisory Services Network LLC Boosts Holdings in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM)

Advisory Services Network LLC raised its holdings in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) by 363.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,869 shares of the financial services provider’s stock after buying an additional 13,230 shares during the period. Advisory Services Network LLC’s holdings in Iron Mountain Incorporated (Delaware) REIT were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IRM. Wells Fargo & Company MN boosted its holdings in shares of Iron Mountain Incorporated (Delaware) REIT by 29.2% during the 3rd quarter. Wells Fargo & Company MN now owns 417,024 shares of the financial services provider’s stock worth $16,222,000 after buying an additional 94,201 shares during the period. Toronto Dominion Bank boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 25.7% in the 2nd quarter. Toronto Dominion Bank now owns 83,270 shares of the financial services provider’s stock valued at $2,861,000 after purchasing an additional 17,028 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 0.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,690 shares of the financial services provider’s stock valued at $20,566,000 after purchasing an additional 2,780 shares during the period. Woodstock Corp boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 48.7% in the 4th quarter. Woodstock Corp now owns 25,148 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 8,236 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Iron Mountain Incorporated (Delaware) REIT by 210.7% in the 4th quarter. IFP Advisors Inc now owns 20,509 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 13,909 shares during the period. Hedge funds and other institutional investors own 89.22% of the company’s stock.

In other news, EVP Theodore Maclean sold 1,076 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.30, for a total value of $34,754.80. Following the completion of the transaction, the executive vice president now directly owns 6,367 shares in the company, valued at $205,654.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William L. Meaney sold 24,137 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $32.08, for a total transaction of $774,314.96. Following the completion of the transaction, the insider now owns 93,587 shares of the company’s stock, valued at $3,002,270.96. The disclosure for this sale can be found here. Insiders have sold 39,306 shares of company stock valued at $1,325,261 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

IRM has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Iron Mountain Incorporated (Delaware) REIT from $43.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. TheStreet cut shares of Iron Mountain Incorporated (Delaware) REIT from a “b” rating to a “c+” rating in a research report on Thursday, December 7th. ValuEngine cut shares of Iron Mountain Incorporated (Delaware) REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research cut shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $40.40.

Iron Mountain Incorporated (IRM) traded up $0.34 during trading on Wednesday, hitting $32.98. 1,999,089 shares of the company’s stock were exchanged, compared to its average volume of 2,290,000. The company has a market capitalization of $9,480.00, a price-to-earnings ratio of 47.80 and a beta of 0.90. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.47. Iron Mountain Incorporated has a 12-month low of $30.95 and a 12-month high of $41.53.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last announced its earnings results on Friday, February 16th. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). Iron Mountain Incorporated (Delaware) REIT had a net margin of 4.78% and a return on equity of 15.40%. The firm had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $964.15 million. During the same quarter in the prior year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. sell-side analysts forecast that Iron Mountain Incorporated will post 2.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.5875 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.35 dividend on an annualized basis and a yield of 7.13%. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is presently 340.58%.

COPYRIGHT VIOLATION NOTICE: This article was published by BBNS and is owned by of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/2018/03/14/iron-mountain-incorporated-delaware-reit-irm-shares-bought-by-advisory-services-network-llc/1890524.html.

Iron Mountain Incorporated (Delaware) REIT Profile

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.