IRM - Iron Mountain Incorporated
| Previous Close | 35.86 |
| Open | 35.96 |
| Bid | 34.71 x 2200 |
| Ask | 37.23 x 800 |
| Day's Range | 35.75 - 36.52 |
| 52 Week Range | 30.22 - 37.32 |
| Volume | 2,768,229 |
| Avg. Volume | 2,152,879 |
| Market Cap | 10.28B |
| Beta (3Y Monthly) | 0.79 |
| PE Ratio (TTM) | 28.29 |
| EPS (TTM) | 1.27 |
| Earnings Date | Apr 25, 2019 |
| Forward Dividend & Yield | 2.44 (6.89%) |
| Ex-Dividend Date | 2019-03-14 |
| 1y Target Est | 37.90 |
- InvestorPlace•17 hours ago
5 Hot Dividend Stocks to Buy as the Weather Heats Up
Flowers are starting to bloom. The sound of lawn mowers is beginning to fill the air. And the weather is getting warmer. That means it's time to start hearing about how we should "sell in May and go away." But that old adage continues to be a load of baloney. The truth is, the calendar has little to do with the actual outcome for the markets. Fundamentals matter more. And the right now, the fundamental picture is bullish with a side of caution.Which means dividend stocks could be the best plays of the summer.Thanks to their steady payouts, dividends stocks are naturally less volatile than their non-paying peers. Moreover, if the old market adage holds true this summer, getting a 2% to 4% return in cash is better than no return at all. The combination of these two factors can make dividend stocks some of the best places to park your money as the spring sets in and the weather heats up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Sell Before They Give Back 2019 Gains But which dividend stocks? Here are five top-notch stocks to buy that should provide a whole summer full of gains. Dividend Stocks to Buy: Iron Mountain Inc (IRM)Source: Shutterstock Dividend Yield: 6.8%Data. From companies to individuals, we make a ton of it these days. And storing it, in both physical and digital forms, happens to be one of the best dividend stocks around in Iron Mountain (NYSE:IRM).IRM is the largest records storage provider in the world and operates more than 1,400 facilities around the world. This is more 85 million square feet of space dedicated to document storage. This includes its irreplaceable wholly owned salt caverns used for critical document storage to smaller safe-like facilities. Key customers include nearly everyone in the Fortune 1000 as well as various government organizations. With retention rates as high as 98%, IRM is able to pull in some hefty cash flows from the "rent" it charges these customers.Even better is that Iron Mountain has continued to adapt with the times.While physical document storage is still required, today's digital age requires a different set of storage. To that end, IRM has begun to offer cloud and digital hard drive access for its clients. In fact, the firm has now moved into the top ten in terms of capacity. Given its leadership position in storage, it's easy for firms to make the pivot into these digital offerings from IRM and growth remains brisk. Even better is that these digital storage offerings often come with heftier margins for Iron Mountain.All of this has done wonders for IRM's dividend which currently stands at 6.8%. General Mills (GIS)Source: Carlos via Flickr (Modified)Dividend Yield: 3\. 8%There's power in a bowl of Cheerios … well, at least enough for those investors looking at dividend stocks. Packaged food manufacturer General Mills (NYSE:GIS) has used brands like Totino's, Lucky Charms and Yoplait to power its dividend for decades. In fact, it managed to raise that dividend annually for the last 15 years straight. And it looks like GIS will keep the streak going throughout the summer and far into the future.Thanks to a smart turnaround plan, GIS has regained its mojo in a big way.First, the firm has used its top brands to add extensions into new products. Secondly, General Mills has leaned heavily on organic/natural brands for additional growth. Blue Buffalo pet food, Annie's organic and Cascadian Farm are now leading drivers at the food firm. Finally, if couldn't develop its own, General Mills has been a smart acquirer of smaller and scalable food brands in key niche markets. A hefty dose of price increases for these premium products has hurt either.All of this has helped boost the firm's bottom line. Adjusted EPS for the most recent quarter jumped by more than 6% in constant currency, while free cash flows have surged. With these continued improvements, GIS has upped its guidance for the rest for the year and management has pledged to reward shareholders. * 10 High-Yielding Dividend Stocks That Won't Wilt Given its recent wins and steadfast nature, GIS could be one of the best dividend stocks to buy for summer. Tractor Supply Company (TSCO)Source: Bfraser8 via Wikimedia (Modified)Dividend Yield: 1.2%It's no secret that retail is a bloodbath these days, as online shopping and kingpins like Amazon (NASDAQ:AMZN) have hurt smaller competitors. But there are plenty of retailers operating in strong niches immune from Amazon's wraith. To find one of the best examples, head west into big sky country.Tractor Supply Company (NASDAQ:TSCO) operates more than 1,700 stores serving farmers and more rural Americans. The beauty is that many of TSCO's offerings aren't the sort of thing you log into Amazon.com to buy. Farm gates, barbed wire and tractor attachments aren't easily shippable and often, customers need these items today. Because of this, Tractor Supply continues to see a steady and rising base of sales. Last year, TSCO pulled in more than $7.9 billion in revenues.That profitable niche has made TSCO one heck of a dividend stock as well. Since 2010, Tractor Supply has managed to grow its dividend payout by a staggering 757%.And that growth will continue. TSCO plans on opening more stores to meet the needs of rural customers. Meanwhile, its newly acquired PetSense brand of stores has quickly seen plenty of growth. Like Tractor Supply, PetSense focuses on the rural marketplace- a niche that is often ignored from other major pet retailers. Together, the two stores form an interesting and Amazon-proof play.A play that will pay plenty of dividends going forward. Microchip Technology Inc (MCHP)Source: Shutterstock Dividend Yield: 1.5%Technology is everywhere these days, from your car and phone to even your toaster. And most modern tech, no matter how complex, is built on the backbone of semiconductors. Microchip Technology (NASDAQ:MCHP) has been building those chips and paying a dividend for years.MCHP produces a host of analog and microcontroller semiconductors. These are the boring building blocks of the modern world. But boring is beautiful when it comes to dividends and cash flows. Microchip sells a ton of these to a variety of end-users. And it continues to sell more as the world modernizes. Last quarter, revenues jumped 18.1% sequentially and 41.5% from the year-ago period. This was another record quarter for the firm. Meanwhile, profits continue to rise as well.Part of that comes from MCHP's continued pivots into more advanced semiconductors. These include new automotive power, battery/green technologies and networking chips. The extra boosts here plus the firm's steady cash flows from its analog business has continued to make it a dividend champion.MCHP has been paying a dividend since 2003 and with its latest increase, Microchip has raised its dividend 58 times by a total of 1,725% * 7 Tech Stocks With Too Much Risk, Not Enough Upside At the end, when it comes to dividend stocks, MCHP has the goods to keep the payouts rolling. Invesco High Yield Equity Dividend Achiever ETF (PEY)Source: Shutterstock Dividend Yield: 3.8%Perhaps the best way to score some great dividend stocks is to own them all. A great to do that is through the Invesco High Yield Equity Dividend Achievers ETF (NYSE:PEY).PEY tracks the NASDAQ US Dividend Achievers 50 Index. This index holds fifty U.S. stocks that have not only high initial yields, but also show consistent growth in their dividend payouts. This eliminates those stocks that have high yields because of problems. You get both a good yield today and income that grows tomorrow. Top holdings include stalwarts like Dominion Energy (NYSE:D) and Quamcomm (NASDAQ:QCOM). The combination of stocks produces a decent 3.8% dividend yield. An added bonus for retirees is that PEY pays its dividend monthly.Even better is that PEY has been a top performer among other ETFs tracking dividend stocks.PEY has managed to best the more popular iShares Select Dividend ETF (NYSE:DVY) and its underlying index -- the Dow Jones US Select Dividend Index -- by about two basis points over the last decade.In the end, those investors looking to load up on dividend stocks for the summer, PEY could be a great all-in-one solution. Expenses for the ETF run at just 0.54% or $54 per $10,000 invested.At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post 5 Hot Dividend Stocks to Buy as the Weather Heats Up appeared first on InvestorPlace.
- Motley Fool•3 days ago
3 Top High-Yield Tech Stocks
Here's why investors should keep Cypress Semiconductor, Garmin, and Iron Mountain on their income stock watchlists.
- Zacks•3 days ago
What's in the Offing for Iron Mountain (IRM) Q1 Earnings?
While ongoing growth in storage rental revenues will likely buoy Iron Mountain's (IRM) first-quarter 2019 performance, lower volumes in its developed markets remains a concern.
- Zacks•7 days ago
Crown Castle (CCI) Surpasses Q1 FFO & Revenue Estimates
Robust fundamentals and favorable industry tailwinds aid Crown Castle International (CCI) to record stellar growth in site rental revenues in Q1.
- Zacks•7 days ago
SL Green's (SLG) Q1 FFO & Revenues Miss Estimates, NOI Up
Decline in rental revenues, lower occupancy in the company's suburban portfolio and tenant bankruptcy dent SL Green Realty's (SLG) first-quarter 2019 results.
- Motley Fool•9 days ago
3 Misunderstood High-Yield REITs
The REIT market has taken off in 2019, but there are still some high-yield opportunities if you dig a little.
- Zacks•15 days ago
Iron Mountain Wins Award for Cloud-Based Platform InSight
Iron Mountain (IRM) wins Google Cloud Technology Partner of the Year - AI and Machine Learning Award for the company's content-services platform, InSight.
- Motley Fool•15 days ago
3 Top Dividend Stocks With Yields Over 5%
These stocks have generous dividends and could be worth a closer look right now.
- PR Newswire•15 days ago
Iron Mountain Expands Commitment To Renewable Power In Partnership With RPD Energy
New energy transactions in Texas and Illinois deliver 100 percent renewable power to facilities in both states BOSTON , April 10, 2019 /PRNewswire/ -- Iron Mountain Incorporated ® (NYSE: IRM), the global ...
- PR Newswire•15 days ago
Iron Mountain Wins Google Cloud Technology Partner of the Year - AI and Machine Learning Award
Award recognizes Iron Mountain InSight cloud-based platform leveraging Google Cloud's artificial intelligence and machine learning that delivers revenue opportunities and accelerates digital transformation ...
- Insider Monkey•17 days ago
Were Hedge Funds Right About Souring On Iron Mountain Incorporated (IRM) ?
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
- PR Newswire•20 days ago
Iron Mountain Earns Top Marks in 2019 Corporate Equality Index
BOSTON, April 5, 2019 /PRNewswire/ -- Iron Mountain Incorporated® (IRM), the global leader in storage and information management services, today announced that for the second consecutive year, it received a perfect score of 100 on the 2019 Corporate Equality Index (CEI), 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 560 major U.S. businesses that also earned top marks this year.
- PR Newswire•21 days ago
Iron Mountain Schedules First Quarter 2019 Earnings Release and Conference Call
BOSTON , April 4, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its first quarter 2019 financial results before market ...
- Motley Fool•23 days ago
3 High-Yield Dividend Stocks to Buy Now
This trio of financial industry players will put plenty of coin in your pocket.
- Markit•23 days ago
See what the IHS Markit Score report has to say about Iron Mountain Inc.
Iron Mountain Inc NYSE:IRMView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate Bearish sentimentShort interest | NeutralShort interest is moderate for IRM with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding IRM are favorable, with net inflows of $11.31 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although IRM credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- PR Newswire•23 days ago
Iron Mountain Supports New Digitization Project by the National Trust for Historic Preservation Detailing the Experience of Women and Enslaved Persons
BOSTON and LEESBURG, Va., April 2, 2019 /PRNewswire/ -- Iron Mountain Incorporated (IRM), the global leader in storage and information management services, today announced its support for a digitization project and exhibition for the National Trust for Historic Preservation and the Oatlands Historic House and Gardens, a National Trust Historic Site. The focus of this project is the digitization of the Carter Family Collection, which chronicles the daily life of women and enslaved persons at Oatlands from 1861-1872.
- Zacks•last month
Iron Mountain Sells Consumer Storage Business to MakeSpace
Iron Mountain's (IRM) collaboration with MakeSpace will offer on-demand, flexible consumer storage in 24 markets. Also, it will receive 2.1 million cubic feet of consumer storage from MakeSpace.
- American City Business Journals•last month
MakeSpace CEO talks up Iron Mountain deal, the toughest market, potential global expansion
The deal with Iron Mountain will help MakeSpace scale to San Francisco, Boston, San Diego, Seattle, Philadelphia and Toronto.
- American City Business Journals•last month
Storage company MakeSpace raises $30 million, partners with Iron Mountain
The deal with Iron Mountain will help MakeSpace scale to San Francisco, Boston, San Diego, Seattle, Philadelphia and Toronto.
- Business Wire•last month
MakeSpace and Iron Mountain Team Up to Bring On-Demand, Flexible Consumer Storage to 24 North American Markets
MakeSpace, the fastest growing on-demand storage company, and Iron Mountain Incorporated (IRM), the global leader in storage and information management services, today announced a new partnership to bring consumer storage services to 24 markets. As a part of this transaction, Iron Mountain will join a $30M financing round for MakeSpace, and MakeSpace will acquire Stashable, Iron Mountain’s full-service, valet consumer storage business.
- Zacks•last month
Why Is Iron Mountain (IRM) Down 1% Since Last Earnings Report?
Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- InvestorPlace•last month
7 Tech Stocks That Pay Dividends
{Editor's note: This story was previously published in June 2018. It has since been updated and republished.}When investors think of dividend stocks, tech names don't usually come to mind. Technology is a growth industry, and investors generally prefer that any idle, excess cash gets put back into the business. That's the best ROI opportunity.It's a misnomer to think that the technology sector can't -- or doesn't -- have a few dividend stocks to choose from, though. It does, with several of these names reshaping their business models to drive the recurring revenue that lends itself to dividend payouts. Software-as-a-Service and access to cloud-based storage are a couple of platforms that are billed on a monthly or quarterly basis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio To that end, here's a run-down of seven tech stocks that pay a dividend worth collecting. In all seven cases, the payout is pretty well protected, and apt to grow. Best of all, these stocks still offer strong growth prospects that the tech sector is so well known for. Tech Dividend Stocks: AVX Corporation (AVX)Dividend Yield: 2.6%AVX Corporation (NYSE:AVX) isn't a name on too many investors' radars, and for good reason. With a market cap of a modest $3 billion, it just doesn't have the publicity firepower many of its tech brethren have.But maybe it should.AVX makes capacitors, transistors, sensors, connectors and more … all the things you don't think about that get attached to, and put on, a circuit board that make your electronic devices work. This is the lifeblood of technology. Without companies like AVX, you wouldn't have mobile phones, televisions or wireless internet.The nature of its business lines also lends itself to paying a reliable dividend. It manufactures so many kinds of things for so many electronics outfits that it always has at least some customers to sell to. The yield of 2.6% may not be jaw-dropping, but considering the current payout of 46-cents-per-share was only 28-cents-per-share in 2013, what AVX lacks in yield it makes up for in dividend growth. Tech Dividend Stocks: Cisco (CSCO)Dividend Yield: 2.7%Yes, the iconic king of the networking world, Cisco (NASDAQ:CSCO), is also a respectable dividend payer. Granted, the yield of 2.7% isn't sky-high. It's also a relatively new idea for the old company -- Cisco only started paying any kind of dividend in 2011. Cisco takes its cash-flow-sharing pretty seriously though, and more than that, it is shifting its business model in a way that's geared for paying a dividend.How's that? If you've listened carefully to the company's rhetoric regarding recent quarterly reports, the phrase "recurring revenue" has been increasingly used. Rather than mere one-time sales of switches and routers, Cisco is selling subscription-based access to cybersecurity and traffic-management platforms. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Recurring income is reliable (once a subscriber signs on, it tends to stay on board), it's easy for Cisco to commit to a healthy dividend payout. Tech Dividend Stocks: Infosys (INFY)Dividend Yield: 3.1%You name it, Infosys (NYSE:INFY) does it … or at least it has a hand in it.In simplest terms, India-based technology company Infosys is a technology consulting and service provider. From bloackchain to "big data" to business transformation, Infosys can bring a lot to the table of a company that may not even know where to begin.Yes, it's another business model that's well suited for dividend payments, in that much of its work is also recurring. More than that though, it's just a great company.While you hear a great deal about the incredible ways companies like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) are changing the world through the use of technology, the fact of the matter is, most organizations have neither the ability or the desire to create their own technology-based solutions. They're more than content to lean on the likes of Infosys, and pay handsomely for the work it does. Tech Dividend Stocks: Nokia (NOK)Dividend Yield: 3.9%Nokia's (NYSE:NOK) dividend yield of 4.1% is quite noteworthy.You likely know the company as the maker of mobile phones. But, truth be told, that's the least of what it does. It got out of the business altogether a few years ago, selling the name to Microsoft. And, although it waded back into smartphone waters in 2017, it's still not a name people take seriously in a market dominated by the iPhone and Samsung's Galaxy lineup.So what exactly has Finland-based Nokia Oyj been doing all this time to stay afloat? Building industry-specific communications solutions. For instance, it has created an entire communications framework that makes smart cities a reality. Nokia is also taking great strides in the healthcare arena, making the mobile monitoring of patients a snap. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio Investors don't see much of the work the company is doing, but that doesn't mean work's not being done. Tech Dividend Stocks: Qualcomm (QCOM)Dividend Yield: 4.6%Qualcomm (NASDAQ:QCOM) is another former big name in the smartphone business that's since been shoved to the back of the line thanks to Samsung and Apple. But, much like Nokia, Qualcomm has found new life in -- and new opportunity in -- making the chips that power smartphones and other wireless devices. Ever heard of the Snapdragon processor? That's Qualcomm's breadwinner.That's certainly not going to be a laurel the company can rest on forever though, so it's thinking ahead. Its next-generation chipsets will be able to handle virtual reality and augmented reality, which (one way or another) is a big part of the future.Whatever the case, with a dividend yield of 4.6%, QCOM shares have something to offer fans of income that also might want to take a shot at a little bit of growth. Tech Dividend Stocks: Seagate (STX)Dividend Yield: 5.6%Seagate (NASDAQ:STX) isn't a name that needs much on the way of introduction, or explanation. It's one of only two major names in the hard disk drive (HDD) market, and although the advent of the solid state drive (SSD) has made things tough on Seagate by allowing newcomers into the disk-drive market, the company is holding up just fine. In short, it can afford to fund its current dividend yield of 5.6%.But still, aren't old-school disk drives a thing of the past, with an expiration date? Not just yet. The company's earnings per share over the last 12 months was $5.75. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio As it turns out, traditional hard disk drives are better suited for use in a data center setting, and we're still in the early innings of a data center buildout. Tech Dividend Stocks: Iron Mountain (IRM)Dividend Yield: 7.1%Last but not least, add Iron Mountain (NYSE:IRM) to your list of tech dividend stocks to consider.Contrary to popular belief, the rise of computers in the 90's didn't pave the way for a paperless world. If anything, computers allowed society to create even more paper documents, many of which required signatures, which in turn meant they had to be stored. Even with the recent proliferation of e-signatures, many printed documents still need to be stored.Enter Iron Mountain.Iron Mountain stores the mountain of paperwork organizations are required to retain for record-keeping purposes, but don't have the room to store on site. Its customers pay "rent" to the company for holding onto those documents, spurring the recurring revenue that makes for a reliable dividend. Its current yield? An impressive 7.1%.The truly-paperless era is finally upon us, suggesting a threat to Iron Mountain's business model. Fear not, though. The company is quickly learning the nuances of digital information, helping clients navigate the laws and logistics of the new era of record-keeping. That's how it qualifies as a technology name.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post 7 Tech Stocks That Pay Dividends appeared first on InvestorPlace.
- PR Newswire•2 months ago
CyArk Creates First Ever 3D Virtual Record of the Stonewall National Monument
NEW YORK, March 7, 2019 /PRNewswire/ -- CyArk, a heritage preservation non-profit, has completed the first ever 3D digital record of the Stonewall National Monument in New York, to commemorate the 50th anniversary of the Stonewall Uprising. Iron Mountain Incorporated® (IRM), the global leader for storage and information services, sponsored the effort through its ongoing partnership with CyArk and its mission to capture, share and archive the world's cultural heritage. The project -- the first of its kind to detail an LGBTQ historic site and national monument -- uses data to create a photorealistic digital record of Christopher Park and the Stonewall Inn.
- Motley Fool•2 months ago
3 Stocks Warren Buffett Would Love
Warren Buffett and marijuana? Yes, Cronos is one of three stocks on this list.
