Centersquare Investment Management LLC Has $179.34 Million Holdings in Iron Mountain Incorporated (NYSE:IRM)

Centersquare Investment Management LLC decreased its position in shares of Iron Mountain Incorporated (NYSE:IRM - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,706,252 shares of the financial services provider's stock after selling 40,967 shares during the period. Iron Mountain comprises 1.9% of Centersquare Investment Management LLC's portfolio, making the stock its 21st biggest position. Centersquare Investment Management LLC owned about 0.58% of Iron Mountain worth $179,344,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Key Financial Inc increased its holdings in Iron Mountain by 25,100.0% during the 4th quarter. Key Financial Inc now owns 252 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 251 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in Iron Mountain during the 4th quarter worth about $26,000. IMG Wealth Management Inc. bought a new stake in Iron Mountain during the 4th quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. increased its position in Iron Mountain by 46.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 489 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 155 shares in the last quarter. Finally, Parkworth Wealth Management Inc. acquired a new position in shares of Iron Mountain during the fourth quarter worth approximately $53,000. Institutional investors own 80.13% of the company's stock.

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Iron Mountain Stock Up 1.0 %

Shares of IRM traded up $0.80 during trading hours on Wednesday, reaching $77.73. The stock had a trading volume of 1,293,726 shares, compared to its average volume of 2,185,724. The company has a market cap of $22.83 billion, a P/E ratio of 127.38, a P/E/G ratio of 5.15 and a beta of 0.97. Iron Mountain Incorporated has a 52 week low of $72.33 and a 52 week high of $130.24. The firm has a 50-day moving average of $90.92 and a 200 day moving average of $106.43.

Iron Mountain (NYSE:IRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.70). Iron Mountain had a negative return on equity of 401.83% and a net margin of 2.95%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the company earned $0.52 earnings per share. As a group, equities analysts expect that Iron Mountain Incorporated will post 4.54 earnings per share for the current year.

Iron Mountain Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were issued a $0.785 dividend. This represents a $3.14 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Monday, March 17th. This is a boost from Iron Mountain's previous quarterly dividend of $0.72. Iron Mountain's dividend payout ratio is 514.75%.

Insider Transactions at Iron Mountain

In other Iron Mountain news, CAO Daniel Borges sold 6,433 shares of Iron Mountain stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $92.84, for a total value of $597,239.72. Following the sale, the chief accounting officer now directly owns 288 shares in the company, valued at approximately $26,737.92. The trade was a 95.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mithu Bhargava sold 1,738 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $92.84, for a total value of $161,355.92. Following the sale, the executive vice president now owns 13,054 shares in the company, valued at $1,211,933.36. The trade was a 11.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 318,973 shares of company stock valued at $29,370,872 over the last quarter. Corporate insiders own 2.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Iron Mountain from a "sell" rating to a "hold" rating in a report on Tuesday. Truist Financial began coverage on Iron Mountain in a report on Tuesday. They issued a "buy" rating and a $95.00 price target on the stock. Barclays cut their target price on shares of Iron Mountain from $130.00 to $118.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. lowered their price target on shares of Iron Mountain from $125.00 to $112.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their target price on shares of Iron Mountain from $135.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $121.29.

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.