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Iron Mountain Inc. (IRM)

Stock Price: $35.10 USD 0.82 (2.39%)
Updated Mar 4, 2021 9:47 AM EST - Market open
Market Cap 10.10B
Revenue (ttm) 4.15B
Net Income (ttm) 342.69M
Shares Out 288.18M
EPS (ttm) 1.19
PE Ratio 29.52
Forward PE 24.75
Dividend $2.47
Dividend Yield 7.05%
Trading Day March 4
Last Price $35.10
Previous Close $34.28
Change ($) 0.82
Change (%) 2.39%
Day's Open 34.55
Day's Range 34.55 - 35.23
Day's Volume 202,151
52-Week Range 19.69 - 41.32

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Zacks Investment Research - 1 week ago

Despite organic growth in core storage business, Iron Mountain's (IRM) Q4 performance is affected by service revenue declines. The company enters into a joint venture for data-center expansion...

Zacks Investment Research - 1 week ago

Iron Mountain (IRM) delivered FFO and revenue surprises of 10.00% and 1.80%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 1 week ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that it has entered into an agreement to form a joint v...

Business Wire - 1 week ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the fourth quarter and f...

Zacks Investment Research - 1 week ago

Despite strength in its data-center business, dwindling preference for stored records is likely to have impacted Iron Mountain's (IRM) storage volumes in Q4.

The Motley Fool - 2 weeks ago

It isn't just GameStop and AMC -- these real estate investment trusts are big shorting targets.

Other stocks mentioned: MAC, SKT, SRG
Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its fourth quarter and full year 2020 financial results be...

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)---- $IRM #CEI2021--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, is pleased to announce that it received a score of 1...

Seeking Alpha - 1 month ago

Short Selling, Short Squeezes, And A Better Way To Win

Other stocks mentioned: AMC, BBY, GME, KOSS, NOK, PLTR, RLJ
Seeking Alpha - 1 month ago

Finding yield in today's yield-less world is increasingly difficult After their recent recovery, REITs offer only 3%-4% on average.

Other stocks mentioned: LADR
Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the tax treatment for all 2020 distributions on its...

Seeking Alpha - 1 month ago

We share three of our top dividend picks in this report. We expect big things from these names in 2021.

Other stocks mentioned: AY, BDCS, BIZD, CLNC, CLNY, EVA, NEWT
Zacks Investment Research - 1 month ago

Iron Mountain's (IRM) customers at its NJE-1 data center in New Jersey will benefit from better connectivity options and local reach with DE-CIX's switch deployment at the company's facility.

Seeking Alpha - 1 month ago

Iron Mountain's 8.2% dividend yield is compelling for some investors but comes with risks. Because Iron Mountain's core storage business lacks growth, the company is attempting to expand into ...

Seeking Alpha - 1 month ago

IRM made significant improvements in 2020. An improved balance sheet, numerous growth projects, and streamlining at the corporate level will all add to the bottom line.

Business Wire - 1 month ago

BOSTON--(BUSINESS WIRE)---- $IRM #DECIX--Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that DE-CIX, a world-leading internet e...

24/7 Wall Street - 1 month ago

As incredible as it may seem, 2021 is already here, the holidays are over and everybody finally has returned to Wall Street for what could be a very different year for investors, compared with...

Other stocks mentioned: C, FL, HXL, KSU, NOW, OXY, RTX, TMUS, TPR
Seeking Alpha - 2 months ago

Iron Mountain has been left behind by the market rally, while it continues to grow storage and data volumes. I expect services revenue to pick back up in the second half of 2021 and see Projec...

Zacks Investment Research - 2 months ago

Yield-starved investors are expected to flock to the REIT market because that remains the only option to earn income in this yield-less world.

Other stocks mentioned: ABR, FCPT, GOOD, IIPR
Seeking Alpha - 2 months ago

Presents are expressions of love and appreciation. I have spent my life crafting a method to help any investor see more success.

Other stocks mentioned: ANGL, MO, SPHD
Seeking Alpha - 2 months ago

As a former real estate developer turned real estate investment trust (REIT) analyst, I'm trained to analyze risk. That's especially true in these continuing COVID-19 times.

Other stocks mentioned: ACC, CONE, DLR, DOC, ESS, EXR, HTA, IIPR, MNR, O, WPC
Seeking Alpha - 2 months ago

Iron Mountain is one of my top high growth REIT picks in 2021. I know that seems kind of odd since the other four high flying picks for 2021 are yielding an average of 2.75%.

24/7 Wall Street - 2 months ago

The S&P 500 has recovered handily off of its March lows to close out 2020 with a solid gain.

Other stocks mentioned: MO, OKE, XOM
Seeking Alpha - 2 months ago

The days of 2020 are coming to a close, you have steps you need to consider. Make it a yearly tradition in your portfolio.

Other stocks mentioned: IEF, SPY, UTF, UTG, XLU
Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)-- #CHRO--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that Edward E....

Zacks Investment Research - 2 months ago

While a focus on data center portfolio expansion enables Iron Mountain (IRM) to capitalize on digitization, shrinking paper needs and a resultant decline in record management volumes remain he...

Zacks Investment Research - 2 months ago

Driven by strong demand for data-center space in Phoenix, Iron Mountain (IRM) signs expansion lease with a Fortune 100 customer at its AZP-2 data center.

Seeking Alpha - 2 months ago

Iron Mountain's indebtedness remains under control despite its high debt/equity ratio and seemingly worrying leverage.

Business Wire - 2 months ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed a six megawatt data center pre-leas...

Zacks Investment Research - 2 months ago

Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research - 3 months ago

Iron Mountain's (IRM) sale-leaseback transaction with Blackstone enables it to raise cash, while effectively maintain the control of the sold facilities through long-term leases.

Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)---- $IRM #19thAmendment--Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, today announced that it has...

Seeking Alpha - 3 months ago

Iron Mountain Incorporated (IRM) Management presents at Wells Fargo TMT Summit (Transcript)

Seeking Alpha - 3 months ago

The US dollar is at its weakest point in two years. We examine what a "weak dollar" means.

Other stocks mentioned: AWP, BTI, IFGL, IGR, IMBBY, IWD, MO, PM, REET, RWO, SDIV, SDY, SRET
Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that Barry Hytinen, EVP & CFO will participate in a fireside...

Seeking Alpha - 3 months ago

IRM has taken advantage of falling interest rates prompted by the pandemic to restructure much of its short-term debt. IRM prioritized restructuring its debt to reduce the pressure it presente...

Zacks Investment Research - 3 months ago

Iron Mountain (IRM) expands its partnership with the London Internet Exchange to offer peering and IXP services at its VA-1 data center in Northern Virginia.

Seeking Alpha - 3 months ago

Iron Mountain is yielding 9.7%, the highest REIT in the Industrial and Data Center sectors. Remember that the company has a service component and does not really have a direct peer at this time.

Seeking Alpha - 3 months ago

AbbVie snuck in a nice dividend increase before the end of the month. I was caught completely off-guard by the announcement. Whirlpool delivered a 4.17% dividend increase to their shareholders...

Other stocks mentioned: ADP, AEP, AVY, CMI, EMR, HRL, MCD, MKC, NKE, SYY, V, VFC, WHR
Seeking Alpha - 3 months ago

Iron Mountain (IRM) CEO, William Meaney on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Organic growth in Iron Mountain's (IRM) core storage business boosts Q3 performance. Yet, a decline in revenues from the service segment plays spoilsport.

Zacks Investment Research - 3 months ago

Iron Mountain (IRM) delivered FFO and revenue surprises of 10.91% and 4.58%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 3 months ago

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announces financial and operating results for the third quarter of 202...

Zacks Investment Research - 4 months ago

Iron Mountain (IRM) Q3 results are expected to reflect the impact of declining demand for its core service offerings as customers operate at lower capacities amid the pandemic-led restrictions.

Seeking Alpha - 4 months ago

We selected 9 defensive Dividends Aristocrats from 9 Sectors with average dividend yield of 6.7%, including several yielding more than 9%. The stocks in our selection have relatively low corre...

Other stocks mentioned: ABB, GSK, IBM, KHC, PRU, RIO, T, TOT
Forbes - 4 months ago

Why choose between dividends and growth when we can have both?

Other stocks mentioned: CCOI, LUMN, OMC, STX
Seeking Alpha - 4 months ago

IRM continues to go through a transformation as the company focuses on growing their data center division. The relationships built from the storage division allows for cross-selling of other o...

Seeking Alpha - 4 months ago

IRM is in a high-margin, high cash flow business. It carries a dividend yield of 9%. Despite the impact of COVID-19, cash flow remains very strong and growing.

Zacks Investment Research - 4 months ago

IRM vs. PSA: Which Stock Is the Better Value Option?

Other stocks mentioned: PSA
Seeking Alpha - 4 months ago

Self Storage REITs have been unexpected leaders throughout the pandemic. Riding the tailwinds of the single-family housing boom, storage REITs are one of four property sectors in positive terr...

Other stocks mentioned: CUBE, EXR, LSI, NSA, PSA, SELF, VNQ

About IRM

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, infor... [Read more...]

Industry
REIT-Specialty
IPO Date
Jan 31, 1996
CEO
William L. Meaney BSc, MEng, MSIA
Employees
24,000
Stock Exchange
NYSE
Ticker Symbol
IRM
Full Company Profile

Financial Performance

In 2020, Iron Mountain's revenue was $4.15 billion, a decrease of -2.71% compared to the previous year's $4.26 billion. Earnings were $342.69 million, an increase of 28.17%.

Financial Statements

Analyst Forecasts

According to 8 analysts, the average rating for Iron Mountain stock is "Buy." The 12-month stock price forecast is 31.57, which is a decrease of -10.06% from the latest price.

Price Target
$31.57
(-10.06% downside)
Analyst Consensus: Buy