Iron Mountain Incorporated (NYSE:IRM – Get Free Report) EVP Edward Baker-Greene sold 6,200 shares of Iron Mountain stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $88.35, for a total transaction of $547,770.00. Following the sale, the executive vice president now directly owns 11,311 shares in the company, valued at $999,326.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Iron Mountain Price Performance
IRM stock opened at $88.45 on Thursday. The company has a market capitalization of $25.93 billion, a P/E ratio of 134.02, a PEG ratio of 5.25 and a beta of 0.95. The company has a fifty day moving average price of $81.67 and a 200-day moving average price of $75.66. The company has a debt-to-equity ratio of 674.63, a quick ratio of 0.86 and a current ratio of 0.86. Iron Mountain Incorporated has a 52-week low of $54.62 and a 52-week high of $89.91.
Iron Mountain Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 17th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, June 17th. Iron Mountain’s dividend payout ratio is currently 393.95%.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of research firms have weighed in on IRM. Wells Fargo & Company boosted their target price on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Barclays boosted their price objective on Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.80.
Check Out Our Latest Analysis on IRM
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.
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