IRM - Iron Mountain Incorporated

NYSE - NYSE Delayed Price. Currency in USD
31.55
-0.36 (-1.13%)
At close: 4:05PM EST
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Previous Close31.91
Open31.90
Bid31.47 x 1300
Ask31.48 x 800
Day's Range31.47 - 31.94
52 Week Range29.28 - 37.32
Volume2,605,516
Avg. Volume2,506,654
Market Cap9.059B
Beta (5Y Monthly)N/A
PE Ratio (TTM)22.88
EPS (TTM)N/A
Earnings DateFeb 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est33.90
  • Why REITS could be a sweet spot in 2020
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    Why REITS could be a sweet spot in 2020

    Benchmark CEO Kevin Kelly joins the On the Move panel to break down why he expects overall REITS to return 9-12 percent in 2020 despite claiming that not all real estate is created equal.

  • PR Newswire

    Iron Mountain Incorporated Announces Tax Treatment of 2019 Distributions

    Iron Mountain Incorporated (NYSE: IRM), the global leader in storage and information management services, announced the tax treatment for all 2019 distributions on its common stock.

  • Iron Mountain Earns Top Marks in 2020 Corporate Equality Index
    PR Newswire

    Iron Mountain Earns Top Marks in 2020 Corporate Equality Index

    Iron Mountain Incorporated®, the global leader in storage and information management services, today announced a perfect score of 100 on the 2020 Corporate Equality Index (CEI) for the third consecutive year. CEI is the nation's premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. Iron Mountain joins the ranks of over 680 major U.S. businesses that also earned top marks this year.

  • PR Newswire

    Iron Mountain Schedules Fourth Quarter and Full Year 2019 Earnings Release and Conference Call

    Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its fourth quarter and full year 2019 financial results before market hours on Thursday, February 13, 2020. The Company will also host a conference call to discuss results on the same day.

  • GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of Jan. 3

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  • Iron Mountain to Construct Second Data Center in Manassas
    Zacks

    Iron Mountain to Construct Second Data Center in Manassas

    In sync with efforts to bank on the growing data-center demand, Iron Mountain (IRM) announces the construction of its second data center in the Manassas campus.

  • Iron Mountain to expand Manassas-area data center campus with $225M investment
    American City Business Journals

    Iron Mountain to expand Manassas-area data center campus with $225M investment

    Iron Mountain Inc. (NYSE: IRM) is expanding its data center campus in Prince William County. The county said Tuesday the Boston-based data management and storage company is investing $225 million in the construction of a second data center on its Manassas-area campus. Iron Mountain said it intends to finish construction of the new data center in the first quarter of 2020.

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  • Doyle Simons Joins Iron Mountain Board of Directors
    PR Newswire

    Doyle Simons Joins Iron Mountain Board of Directors

    Iron Mountain Incorporated (NYSE: IRM), the storage and information management company, has appointed Doyle Simons to its board of directors, effective January 1, 2020. Mr. Simons will be a member of both the Finance and Compensation Committees. Adding Mr. Simons to the board increases Iron Mountain's board to fourteen directors.

  • Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?
    Insider Monkey

    Is Iron Mountain Incorporated (IRM) A Good Stock To Buy?

    The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • Iron Mountain Appoints Lance Podell SVP, GM of Iron Mountain Entertainment Services Business
    PR Newswire

    Iron Mountain Appoints Lance Podell SVP, GM of Iron Mountain Entertainment Services Business

    Iron Mountain Incorporated® (NYSE: IRM), the storage and information management company, recently announced the appointment of Lance Podell to SVP and GM of Iron Mountain Entertainment Services. The digital media and entertainment executive will oversee the company's media and entertainment-focused business by developing and delivering solutions that advance its global leadership position in the media preservation and archive management space. Iron Mountain's Entertainment Services division serves the broadcast, film, music and sports sectors, as well as brand archives and individual artists' collections and estates.

  • 3 Big Stock Charts for Wednesday: PayPal, Macy’s, and Iron Mountain
    InvestorPlace

    3 Big Stock Charts for Wednesday: PayPal, Macy’s, and Iron Mountain

    U.S. stocks once again closed at an all-time high on Tuesday. As has been the case for most of the past few months, the gains weren't exactly torrid, with the three major indices increasing roughly two-tenths of a percentage point. Still, optimism reigns heading into the holidays.Source: Shutterstock But not every stock has joined in the rally. Wednesday's big stock charts highlight three of those names. All three sit well off 52-week highs, and actually have weakened in recent months while the rest of the market has gained. * 7 Stocks to Buy in December A reversal isn't guaranteed, or necessarily likely, for each of these stocks. But should positive market sentiment hold, they could be targets for investors looking for value in an increasingly expensive market. At the very least, these big stock charts suggest potentially big moves at the end of the year and into 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips PayPal Holdings (PYPL)Source: Provided by Finviz One curious aspect of the recent rally is that payment stocks like PayPal (NASDAQ:PYPL) have been mostly left out. But that may change. The first of Wednesday's big stock charts shows a recent bounce that sets up a potential breakout: * PYPL stock has exited its downtrend and made a bullish reversal out of a descending narrowing wedge. The 20- and 50-day moving averages have been cleared. And volume has picked up in recent sessions. The 200-day moving average is the last potential source of resistance to a breakout; that aside, the chart here looks exceedingly bullish from a near-term standpoint. * Again, PYPL stock hasn't been alone in underperforming. Payment stocks have been among the market's best the last few years: PayPal stock, for instance, has nearly tripled in the last five years. More recent trading has been softer. Visa (NYSE:V) and Mastercard (NYSE:MA) have traded sideways for the past few months. Square (NYSE:SQ) bounced along its lows. There are signs of life, however. SQ stock has rallied and MA stock is challenging all-time highs reached in early September. * It wouldn't be surprising to see PYPL stock (and potentially V stock) follow those peers. The sector should in theory do well in a bull market, as it has for the past decade. A 30x forward earnings multiple for PayPal stock isn't cheap, but it's reasonable in the context of the 14% profit growth expected next year. Certainly, there are stocks posting lower growth with higher multiples, as Tuesday's big stock charts showed. In that context, the case for a breakout in PYPL looks even stronger. Macy's (M)Source: Provided by Finviz Intrepid investors have been willing to step into the steep decline in Macy's (NYSE:M) stock in recent months. Support has held on several occasions above $14. M stock has rallied in recent sessions after selling off last week following disappointing earnings from rival Kohl's (NYSE:KSS) and its own subpar third quarter release. But the second of Wednesday's big stock charts shows that support is getting weaker: * The multiple bottom in M stock usually would be considered bullish, as support has held repeatedly. But the lower highs create a descending triangle, which creates an increased risk that Macy's stock will break through that support. The long-term chart is even weaker, showing a steady and concerning pattern of lower highs and lower lows, at least until the last few months. * To be sure, Macy's stock seems almost absurdly cheap, at less than 6x this year's consensus earnings per share estimate. A nearly 10% dividend yield seems to add to the value case. But Q3 earnings were notably weak, and included the company's second guidance cut this year. Commentary on the Q3 earnings call seemed to imply that the payout could be cut. If earnings are headed for a permanent decline, even a multiple under 6x isn't cheap enough. After all, Macy's stock has looked cheap for years, but touched a post-crisis low in August. * And so the case for M stock seems to come down to its real estate. A partnership with Brookfield Asset Management (NYSE:BAM) sparked optimism earlier this year. Hedge fund Starboard Value pushed for real estate joint ventures in early 2016 before exiting its position the following year. If investors see value in the real estate, have trust in management, and stay as bullish as they've been of late, perhaps M stock finally can rally. That does seem like quite a few 'ifs,' however. Iron Mountain (IRM)Source: Provided by Finviz Fundamentally, data storage real estate investment trust Iron Mountain (NYSE:IRM) looks like a steal. 2019 guidance for adjusted funds from operations (AFFO), a common measurement of REIT profits, suggests a roughly 11x P/AFFO multiple. A 7.5% dividend yield looks attractive as well.But the third of our big stock charts does suggest near-term weakness, and looking closer there are fundamental concerns: * Tuesday's decline pushes the stock out of an ascending narrowing wedge -- a classically bearish signal. IRM stock also broke through its moving averages, which leaves little in the way of near-term support. With resistance holding at $34, there's not much case for jumping in just yet. * Fundamentally, it's true that IRM stock is cheap. But there are real risks here. Increasing digital storage limits the demand for Iron Mountain's services. A plan to pivot to data centers has moved slower than hoped. Ian Bezek last month called IRM stock a potential dividend trap, and he makes a good case. * And so there's clear downside risk. A bull market might give IRM stock a reprieve, and better news on the data center front could change the narrative. Still, at the very least, investors might want to wait for a better entry point.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post 3 Big Stock Charts for Wednesday: PayPal, Macy's, and Iron Mountain appeared first on InvestorPlace.

  • PR Newswire

    Iron Mountain to Participate in Credit Suisse 23rd Annual Technology Conference

    Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, announced that William Meaney, President & CEO will present at the Credit Suisse 23rd Annual Technology Conference at the Phoenician Hotel in Scottsdale, Arizona on Tuesday, December 3, 2019 at 4:05 p.m. MT.

  • PR Newswire

    Iron Mountain Announces CFO Transition

    Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that Barry A. Hytinen has been appointed Executive Vice President and Chief Financial Officer, effective January 1, 2020. Mr. Hytinen will succeed Stuart Brown, who will be stepping down from the CFO role on December 31, 2019 to pursue other interests. Mr. Brown will continue with Iron Mountain in a consulting role until February 20, 2020 to assist with the transition.

  • Iron Mountain Enhances InSight's Offering With 2 Extensions
    Zacks

    Iron Mountain Enhances InSight's Offering With 2 Extensions

    Iron Mountain (IRM) adds sophisticated capabilities to Iron Mountain InSight for centralizing data access, and simplifying complex mortgage and loans processes.

  • Iron Mountain Extends Digital Capabilities for Companies in Various Stages of Transformation at Google Cloud Next London
    PR Newswire

    Iron Mountain Extends Digital Capabilities for Companies in Various Stages of Transformation at Google Cloud Next London

    Iron Mountain Expands InSight Offerings; Includes Sophisticated Artificial Intelligence (AI) and Machine Learning (ML) Capabilities for Mortgage and Loan LONDON , Nov. 19, 2019 /PRNewswire/ -- Iron Mountain ...

  • Thomson Reuters StreetEvents

    Edited Transcript of IRM earnings conference call or presentation 31-Oct-19 12:30pm GMT

    Q3 2019 Iron Mountain Inc Earnings Call

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    These stocks have the highest dividend yields in the hot real-estate sector

    Negative yields abroad keep the money flowing into U.S. stocks, especially those with attractive dividends.

  • Barrons.com

    5 High-Yield Stocks That Can Keep On Giving

    AT&T, Schlumberger, AbbVie, Simon Property Group, and Iron Mountain fit the bill for income-oriented investors looking for stable businesses that can maintain payouts above 5%.

  • Iron Mountain (IRM) Q3 FFO Beats, Revenues Lag Estimates
    Zacks

    Iron Mountain (IRM) Q3 FFO Beats, Revenues Lag Estimates

    While Iron Mountain's (IRM) Q3 performance reflects healthy storage revenues backed by solid contribution from revenue management, headwinds from lower recycled paper prices remain concerns.

  • Iron Mountain (IRM) Beats Q3 FFO Estimates
    Zacks

    Iron Mountain (IRM) Beats Q3 FFO Estimates

    Iron Mountain (IRM) delivered FFO and revenue surprises of 5.08% and -1.30%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Iron Mountain Reports Third-Quarter 2019 Results

    Announces Transformation Program to Accelerate Execution of Strategy and Continue Growth BOSTON , Oct. 31, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management ...

  • CyArk and Iron Mountain Digitally Preserve Philippines' San Sebastian Basilica
    PR Newswire

    CyArk and Iron Mountain Digitally Preserve Philippines' San Sebastian Basilica

    BOSTON and OAKLAND, Calif., Oct. 30, 2019 /PRNewswire/ -- Iron Mountain Incorporated®, the global leader in storage and information management, and CyArk, a heritage preservation non-profit, today announced a new project to 3D map and model the San Sebastian Basilica in Manila, Philippines, the world's first all-steel basilica. This project, the latest through Iron Mountain and CyArk's ongoing partnership, continues their shared mission to digitally capture, archive and share the world's cultural and historical heritage. The San Sebastian Basilica, located in Manila, Philippines, was first constructed in 1621.

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