Iron Mountain Incorporated (IRM)

NYSE: IRM · Real-Time Price · USD
118.86
-1.30 (-1.08%)
Dec 4, 2024, 4:00 PM EST - Market closed
-1.08%
Market Cap 34.88B
Revenue (ttm) 5.99B
Net Income (ttm) 104.71M
Shares Out 293.46M
EPS (ttm) 0.36
PE Ratio 332.61
Forward PE 60.53
Dividend $2.86 (2.41%)
Ex-Dividend Date Sep 16, 2024
Volume 1,055,224
Open 121.07
Previous Close 120.16
Day's Range 118.21 - 121.23
52-Week Range 64.66 - 130.24
Beta 1.02
Analysts Strong Buy
Price Target 131.00 (+10.21%)
Earnings Date Nov 6, 2024

About IRM

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 int... [Read more]

Sector Real Estate
IPO Date Jan 31, 1996
Employees 27,000
Stock Exchange NYSE
Ticker Symbol IRM
Full Company Profile

Financial Performance

In 2023, Iron Mountain's revenue was $5.48 billion, an increase of 7.38% compared to the previous year's $5.10 billion. Earnings were $184.23 million, a decrease of -66.92%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for IRM stock is "Strong Buy." The 12-month stock price forecast is $131.0, which is an increase of 10.21% from the latest price.

Price Target
$131.0
(10.21% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Iron Mountain to Present at Financial Conference

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announced today that it will participate in a fireside chat at the Barcla...

11 hours ago - Business Wire

Iron Mountain Incorporated Upsizes and Prices Debt Offering

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM) (the "Company"), a global leader in information management services, today announced that it has priced an upsized offering by...

1 day ago - Business Wire

Iron Mountain Incorporated Announces Debt Offering

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM) (the "Company"), a global leader in information management services, today announced a proposed offering by way of a private p...

1 day ago - Business Wire

The State Of REITs: November 2024 Edition

The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3....

9 days ago - Seeking Alpha

Iron Mountain Expands Planned Data Center Capacity in Virginia by more than 350 Megawatts

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, has acquired two data center development sites in Virginia - adding significant planne...

16 days ago - Business Wire

Iron Mountain Incorporated (IRM) JPMorgan Ultimate Services Investor Conference (Transcript)

Iron Mountain Incorporated (NYSE:IRM) JPMorgan Ultimate Services Investor Conference November 14, 2024 1:50 PM ET Company Participants Barry Hytinen - CFO Conference Call Participants Alex Hess - JPM...

19 days ago - Seeking Alpha

Managing Risk Is What Separates The Best From The Rest

Successful investing requires second-level thinking, which involves deeper analysis beyond simple formulas, as highlighted by Howard Marks in "The Most Important Thing". Iron Mountain's transformation...

Other symbols: OSUI
23 days ago - Seeking Alpha

Iron Mountain Incorporated (IRM) Q3 2024 Earnings Call Transcript

Iron Mountain Incorporated (NYSE:IRM) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP & Head, IR William Meaney - President & CEO Barry Hytinen...

4 weeks ago - Seeking Alpha

Iron Mountain third-quarter FFO rises amid strong data center demand

Iron Mountain on Wednesday posted a rise in its funds from operations (FFO) for the third quarter, driven by robust demand for its data centers.

4 weeks ago - Reuters

Iron Mountain Reports Third Quarter Results

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announces financial results for the third quarter of 2024. The conference...

4 weeks ago - Business Wire

The Big 3: IRM, NFLX, RTX

Aquiles Larrea is a fan of today's Big 3, it just comes to down to when investors should jump onto the stocks. He joins Rick Ducat in breaking down the technical trends for Iron Mountain (IRM), Netfli...

Other symbols: NFLXRTX
4 weeks ago - Schwab Network

2 REITs To Avoid And 1 Strong Buy

Not all REITs are worth buying. This is a vast sector, and you need to be very selective. I highlight 2 REITs to sell and a better alternative.

Other symbols: ADC
5 weeks ago - Seeking Alpha

3 Unknown Stocks That Could Triple Your Money

Mutual-fund manager Peter Lynch is one of the most successful mutual-fund managers of all time. His average annual return of 29% from 1977 to 1990 would have turned a $10,000 investment into nearly $1...

Other symbols: AWKSHW
5 weeks ago - Benzinga

The State Of REITs: October 2024 Edition

REITs achieved their 5th straight month in the black with a +3.09% average total return in September and +9.61% year to date. Mid-cap (+5.01%), large cap (+3.41%) and small cap REITs (+2.59%) averaged...

6 weeks ago - Seeking Alpha

Iron Mountain Schedules Third Quarter 2024 Earnings Release and Conference Call

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its third quarter 2024 financial results before market hours ...

7 weeks ago - Business Wire

Rate Cut Rethink

U.S. equity markets extended gains to a fifth-straight week despite a continued upswell in benchmark interest rates, as investors weighed a solid start to earnings season against lukewarm inflation da...

Other symbols: ABRAVBBBREDRNDRVFRFREL
7 weeks ago - Seeking Alpha

Iron Mountain's Rapid Ascent Necessitates A Downgrade

Iron Mountain has seen significant growth, with the stock up 300.3% since February 2021. The company's Global RIM segment and Global Data Center Business have both shown robust revenue and profit grow...

2 months ago - Seeking Alpha

Iron Mountain Incorporated (IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)

Iron Mountain Incorporated (NYSE:IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Office...

2 months ago - Seeking Alpha

Iron Mountain: Deserves A Downgrade, Overly Expensive Here

IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center...

2 months ago - Seeking Alpha

10 Sweet REITs: Yield Up To 6.6%

Equity REITs, distinct from mortgage REITs, generate income from rental leases and capital appreciation, offering high yields and tax advantages by distributing 90% of taxable income. My portfolio, Ro...

Other symbols: DLRMPWNNNOOHISBRASPG
2 months ago - Seeking Alpha

Iron Mountain stock is overvalued and overbought: buy or sell?

Iron Mountain (NYSE: IRM) stock price has gone parabolic this year, making it one of the top-performing companies in the S&P 500 index. It has risen in the last five consecutive months and is sitting ...

2 months ago - Invezz

Iron Mountain Incorporated (IRM) Goldman Sachs Communacopia + Technology Conference (Transcript)

Iron Mountain Incorporated (NYSE:IRM) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:50 AM ET Company Participants Barry Hytinen - CFO Conference Call Participants George To...

3 months ago - Seeking Alpha

Three-Stock Lunch: Nvidia, Dollar Tree, & Iron Mountain

James Demmert, Main Street Research chief investment officer, joins CNBC's 'Power Lunch' to discuss outlooks on three stocks: Nvidia, Dollar Tree, and Iron Mountain.

Other symbols: DLTRNVDA
3 months ago - CNBC Television

Iron Mountain Stock Is Clearly Overvalued

Iron Mountain Incorporated is a REIT specializing in data storage with good growth prospects, but is overvalued at 32x FFO. The trust has a strong customer base, recurring revenue, and a growth strate...

3 months ago - Seeking Alpha

Bert's July Dividend Income Summary (2024)

In July 2024, we received $1,683.75 in dividend income. We have been buying at least 4 shares of SCHD every single week. I accepted a long time ago that Leggett & Platt's dividend cut was terrible.

Other symbols: AMTBPCAHCMCSCOGPCHBAN
3 months ago - Seeking Alpha