23,029 Shares in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,029 shares of the financial services provider’s stock, valued at approximately $896,000.

A number of other institutional investors have also recently made changes to their positions in IRM. Pacer Advisors Inc. increased its holdings in Iron Mountain Incorporated (Delaware) REIT by 8.8% in the 2nd quarter. Pacer Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 322 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in Iron Mountain Incorporated (Delaware) REIT in the 2nd quarter worth approximately $203,000. Penserra Capital Management LLC increased its holdings in Iron Mountain Incorporated (Delaware) REIT by 7.5% in the 2nd quarter. Penserra Capital Management LLC now owns 6,019 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 422 shares in the last quarter. Bridgewater Associates LP purchased a new stake in Iron Mountain Incorporated (Delaware) REIT in the 2nd quarter worth approximately $207,000. Finally, Rehmann Capital Advisory Group purchased a new stake in Iron Mountain Incorporated (Delaware) REIT during the 3rd quarter valued at approximately $213,000. Institutional investors own 84.22% of the company’s stock.

In other news, CMO Theodore Maclean sold 1,495 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $40.07, for a total transaction of $59,904.65. Following the transaction, the chief marketing officer now owns 7,184 shares in the company, valued at $287,862.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William L. Meaney sold 11,014 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $37.09, for a total value of $408,509.26. Following the transaction, the insider now owns 111,592 shares in the company, valued at approximately $4,138,947.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,789 shares of company stock valued at $684,759. Corporate insiders own 1.50% of the company’s stock.

Shares of Iron Mountain Incorporated (NYSE IRM) traded down $0.36 on Friday, reaching $36.22. The company had a trading volume of 1,665,066 shares, compared to its average volume of 2,130,000. The company has a market capitalization of $10,290.00, a P/E ratio of 44.72, a PEG ratio of 5.22 and a beta of 1.00. Iron Mountain Incorporated has a 12 month low of $32.53 and a 12 month high of $41.53. The company has a debt-to-equity ratio of 3.59, a quick ratio of 1.08 and a current ratio of 1.08.

Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. Iron Mountain Incorporated (Delaware) REIT had a return on equity of 15.49% and a net margin of 5.54%. The business had revenue of $966.00 million during the quarter, compared to the consensus estimate of $960.99 million. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Iron Mountain Incorporated will post 2.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a dividend yield of 6.49%. This is an increase from Iron Mountain Incorporated (Delaware) REIT’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, December 14th. Iron Mountain Incorporated (Delaware) REIT’s dividend payout ratio (DPR) is 290.12%.

A number of equities research analysts have issued reports on IRM shares. Zacks Investment Research lowered shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Evercore ISI began coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Friday, October 20th. Robert W. Baird increased their target price on Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, ValuEngine upgraded Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Two investment 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 company currently has a consensus rating of “Hold” and an average price target of $41.20.

COPYRIGHT VIOLATION NOTICE: This report was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/01/13/cubist-systematic-strategies-llc-buys-shares-of-23029-iron-mountain-incorporated-delaware-reit-irm-updated-updated.html.

Iron Mountain Incorporated (Delaware) REIT Company 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.

Leave a Reply