|Bid||0.00 x 1400|
|Ask||30.60 x 800|
|Day's Range||30.20 - 30.93|
|52 Week Range||29.44 - 37.32|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||25.33|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.44 (8.04%)|
|1y Target Est||35.18|
Regeneron Pharmaceuticals Inc., Ryanair Holdings PLC, Iron Mountain Inc. and Molson Coors Brewing Co. have declined to their respective three-year lows Continue reading...
Iron Mountain (NYSE:IRM) is moving in the wrong direction today as a top analyst changed its rating on the company's stock.Source: Shutterstock The Boston, Mass.-based enterprise management service may have issues in the horizon, according to Bank of America Merrill Lynch, which expressed concern on the business' lowered pricing for its recycled paper. Analyst Michael Funk slashed his rating on IRM stock from neutral to underperform.Additionally, Funk now sees Iron Mountain's share at a price target of $25 from $33-the former figure is 17% below the current levels. The analyst also mentioned that selling recycled paper accounts to a small chunk of the brand's revenue, yet recent data revealed sharp declines in pricing during the most recent quarter, which have birthed an "insurmountable headwind" to 2019 guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFunk included in his report that the decreased price target is a reflection of a prediction of negative estimate revisions. Iron Mountain's 2018 annual earnings report included considerable declines in the cost of paper, which may have a negative effect on revenue and results of operations.The business is a global leader in storage and information management services that also announced on Thursday that it is expanding its Data Restoration and Migration Services (DRMS). It will include customers on the hunt to migrate tape-based data into Amazon Web Services (AWS).IRM stock is sinking about 7.5% Thursday. Shares then slid a tad more after hours. More From InvestorPlace * 7 A-Rated Stocks to Buy for the Rest of 2019 * 10 Best Stocks for 2019: A Volatile First Half * 7 Retail Stocks to Buy for the Second Half of 2019 * 10 Stocks to Sell for an Economic Slowdown The post Iron Mountain News: Why IRM Stock Is Sliding Lower Today appeared first on InvestorPlace.
Shares of Iron Mountain Inc. tumbled 5.8% in morning trading Thursday, enough to pace the S&P 500's decliners, after Bank of America Merrill Lynch turned bearish on the provider of storage and information management service, citing concerns related to the drop in recycled paper pricing. Analyst Michael Funk cut his rating to underperform from neutral, and slashed his price target to $25--17% below current levels--from $33. Funk said that while selling recycled paper is a relatively small revenue contributor, recent data showing sharp declines in pricing in the latest quarter have created an "insurmountable headwind" to 2019 guidance. He said the lowered price target reflects an expectation of negative estimate revisions. In the company's 2018 annual report, the company had said that significant declines in the cost of paper may negatively impact revenue and results of operations. The company is slated to report second-quarter results on Aug. 1. In April, the company said it expected 2019 adjusted EBITDA growth of flat to up 8%. The stock has slumped 17% over the past three months while the S&P 500 has gained 3.9%.
Expanded offering helps customers integrate data from tape media through a simplified service model to accelerate digital transformation BOSTON , July 11, 2019 /PRNewswire/ -- Iron Mountain Incorporated ...
Document storage company Iron Mountain Inc (NYSE: IRM ) offers investors "compelling value" for three key reasons, according to Wells Fargo. The Analyst Wells Fargo's Eric Luebchow initiated ...
There's nothing more satisfying that getting money for doing nothing. That's why dividend stocks hold so much appeal for portfolios. After a one-time investment, top dividend stocks will pay you year in and year out, for doing nothing except holding them. This has to be one of the greatest forces in all of investing. And everyone likes getting money for free.To that end, high-yielding dividend stocks could be an income seeker's or retiree's best friend.By focusing on those stocks with above-average yields, investors can truly supercharge their current income. The best part is that many of the highest-yielding dividend stocks in the S&P 500 aren't exactly risky names. We're talking huge companies with plenty of cash flows and earnings to back-up those payouts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half The truth is, there are plenty of big-time stocks that are producing some serious income for their shareholders. Here are five of the best high-yielding dividend stocks in the S&P 500. Macerich Company (MAC)Dividend Yield: 9%Source: Shutterstock With a nearly 9% yield, Macerich (NYSE:MAC) tops the list as one of the highest-yielding dividend stocks in the S&P 500. That high yield can be explained in two ways: For starters, MAC is a real estate investment trust (REIT). As a REIT, the firm is required to pay out the bulk of its cash flows to investors as dividends in order to take advantage of lucrative tax breaks.The second reason is that Macerich is a retail real estate owner -- specifically a mall owner. As e-commerce has taken hold, stocks like MAC have taken it on the chin.Today, MAC stock sits at new eight-year lows.This could be a prime time to load up on such a high-yielding dividend stock. The reason is that MAC doesn't own slouch malls. Yes, junky Class B malls are dying, but premium Class A shopping malls are thriving. MAC owns 48 of these high-end malls and they continue to see high occupancy rates -- over 95% -- and sales per square foot -- around $869.Meanwhile, the firm continues to change its tenant mix to involve more experiences, dining and entertainment options. This has only boosted traffic and sales further.The point is, MAC is being unfairly cast aside with the lower mall operators. This has shown up in its ability to boost critical funds from operations (FFO) measures over the retail Armageddon. It has also continued to raise its standard dividend as well as pay special ones.All in all, Macerich is one high-yielding dividend stock to snag-up. Iron Mountain Inc (IRM)Dividend Yield: 7.64%Source: Orin Zebest via FlickrLike Macerich, Iron Mountain (NYSE:IRM) is also a REIT, but IRM is a tad bit different. The firm makes its money by owning records and data storage facilities around the world. In fact, Iron Mountain is the biggest provider of such facilities with more than 1,400 different locations.It turns out this is an incredibly profitable and needed niche. 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. Last year, it was able to grow its total FFO by nearly 19% and boost its dividend by over 6%.The best part is that Iron Mountain continues to evolve. It's no secret that digital records and data creation is growing by leaps and bounds. To this end, IRM has expanded in datacenter, cloud and digital hard drive access for its clients.Given its leadership position in physical document storage, the firm has had great success in upselling these digital products to customers. And with higher margins for cloud storage, IRM should be able to keep the growth coming for years. * 7 A-Rated Stocks to Buy for the Rest of 2019 And yet, because of its quirky nature, investors don't really pay too much attention to Iron Mountain. That fact provides it with a whopping 7.64% dividend yield. Philip Morris International (PM)Dividend Yield: 5.66%Source: Taber Andrew Bain Via FlickrWe all know smoking is dying a quick death here in the United States. Even e-cigarettes are getting the evil eye from regulators, which is just fine for tobacco stock Philip Morris International (NYSE:PM).The key for PM is the "international" in its name. The firm operates and sells tobacco in over 180 countries and territories with the U.S. not being one of them. Emerging markets such as Indonesia, Russia, China, and India make up the bulk of the firms' revenues.And those revenues continue to rise as smoking still carries some "cool" factor in these regions and is considered a small luxury. All in all, PM sold more than $29.6 billion dollars' worth of tobacco last year -- a 3.1% year-over-year jump.Philip Morris' future looks rosy as well.Big tobacco enjoys some big pricing power. Nicotine is an addictive substance and PM is able to pass on price increases to cover costs to consumers pretty easily. Secondly, the firm's IQOS heated-tobacco delivery system is seeing some very impressive numbers. Shipments for IQOS jumped 20% to reach 11.5 billion units in the firm's most recent quarter. All of this continues to strengthen the firm's cash flows, bottom line, and dividend prowess.The reality is, PM is one of the highest yielding dividend stocks because it's a hated vice firm. Not because fundamentals are bad. AbbVie (ABBV)Dividend Yield: 5.71%Source: Shutterstock The giant pharmaceutical firms have long been great dividend stocks. This includes biotech king AbbVie (NASDAQ:ABBV). Driving that fact has been its blockbuster drug Humira.Last year alone, the autoimmune-disease medication brought in nearly $20 billion for ABBV -- an increase of 8.2% over 2017's numbers. The drug has continued to drive ABBV's dividend -- currently at almost 6%.The problem is, Humira is facing the proverbial patent cliff sooner than later. Given that the drug is responsible for the bulk of AbbVie's revenues, this cliff shouldn't be taken lightly. And that's one of the reasons why the dividend stocks yield is so high.However, ABBV has a plan to replace that missing revenue. To begin with, the firm is buying out fellow biotech rival Allergan (NYSE:AGN). AGN features hits like Botox and other blockbusters in its umbrella. Meanwhile, AbbVie has recently scored several approvals that could turn into real cash cows over time. Add in its rich pipeline that is now more robust from the AGN buy and you have a recipe for continued cash flows. * 10 Stocks That Should Be Every Young Investor's First Choice For investors, there's plenty of potential in the dividend stock and you can grab that potential at a very high yield. Williams (WMB)Dividend Yield: 5.35%Source: Shutterstock Pipeline firms have often been called the "toll roads of the energy sector." That's because they are paid on the volume of oil and natural gas flowing through their systems. After a few years of simplification, the sector is now back to those roots. That includes top pipeline firm Williams (NYSE:WMB).WMB owns plenty of top-notch natural gas assets in key areas such as the Marcellus shale and the DJ Basin. These assets feature plenty of cash flows tied to their volumes. This provides less risk for Williams as many of these assets are paid via so-called "take or pay" contracts. And WMB's continues to add capacity and expansions to these prime pipelines and gathering systems. This will help expand WMB's cash flows further down the road.These moves seem to be working.Last quarter, WMB saw a big 12% boost to its quarter-over-quarter cash flow from operations, and a big 8% jump in its distributable cash flows. With that, management expects to be able to grow its dividend payout by between 10% and 15% this year. That's pretty impressive considering that WMB already yields 5.35%. With a full slate of expansion projects for the next few years, Williams should be able to keep the growth coming for years to come.For investors, pipelines have historically been some of the best dividend stocks. WMB is continuing that tradition.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post The S&P 500as 5 Best Highest-Yielding Dividend Stocks appeared first on InvestorPlace.
Iron Mountain Inc NYSE:IRMView full report here! Summary * Perception of the company's creditworthiness is positive * 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 | NeutralETF activity is neutral. The net inflows of $5.07 billion over the last one-month into ETFs that hold IRM are not among the highest of the last year and have been slowing. 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 | PositiveThe current level displays a positive indicator. IRM credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.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.
BOSTON , July 3, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will report its second quarter 2019 financial results before market ...
The real estate investment trust sector is the best performer of the S&P 500's 11 key sectors in morning trading Tuesday, as a drop in Treasury yields is helping the high-yielding sector attract buyers. The SPDR Real Estate Select Sector ETF surged 1.3% with 31 of 32 components gaining ground. The ETF's (XLRE) dividend yield is currently 3.30%, compared with the implied yield for the S&P 500 of 1.94% and the yield on the 10-year Treasury note, which is down 2.4 basis points in morning trading, of 2.01%. The XLRE's biggest gainer is HCP Inc.'s stock which rallied 2.3%; the REIT, which invests primarily in health care assets, has a dividend yield of 4.58%. The XLRE's highest yielder is Macerich Co.'s stock , which has a yield of 9.09% and is rallying 1.8%. Among other more-active components, shares of Host Hotels & Resorts Inc. rose 0.7% and yields 4.37%, Ventas Inc. gained 0.8% and yields 4.63% and Iron Mountain Inc. tacked on 1.9% and yields 7.80%. The XLRE has rallied 20.0% year to date, while the S&P 500 has advanced 18.3%.
Iron Mountain's (IRM) rating outlook revised from negative to stable by Moody's Investors Service. The company's existing senior and subordinate debt are being maintained at Ba3 and B2.
Iron Mountain and CyArk complete the digital documentation of Stonewall National Monument to provide a virtual experience, increase viewer engagement and preserve the site.
Moody's Investors Service ("Moody's") has revised the rating outlook of Iron Mountain Incorporated to stable from negative. At the same time, Moody's affirmed the Corporate Family Rating (CFR) of Iron Mountain at Ba3. Moody's also affirmed the Ba3 and B2 ratings for Iron Mountain's existing senior and subordinate debt, respectively.
BOSTON and OAKLAND, Calif., June 27, 2019 /PRNewswire/ -- Iron Mountain Incorporated®, the global leader in storage and information management, and CyArk, a heritage preservation non-profit, have completed a 3D scan of the historic Stonewall National Monument in New York, site of the 1969 Stonewall Uprising. This project, the latest through Iron Mountain and CyArk's ongoing partnership, continues the shared mission to digitally capture, share and archive the world's cultural and historical heritage, uses data to create a photorealistic digital record of Christopher Park and the Stonewall Inn.
BOSTON , June 27, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE:IRM), the storage and information management company, has appointed Robin Matlock to its board of directors, effective July 1, 2019 ...
Iron Mountain (IRM) closed the most recent trading day at $32.55, moving -0.03% from the previous trading session.
Is Iron Mountain Incorporated (NYSE:IRM) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […]
Iron Mountain (IRM) announces the acquisition of InfoZafe in a bid to expand its Thai business and strengthen service delivery capacity.
Iron Mountain's (IRM) Green Power Pass (GPP) witnesses new companies as Early Adopters. The renewable energy solution will help companies meet their environmental goals.
BANGKOK , June 17, 2019 /PRNewswire/ -- Iron Mountain Incorporated (NYSE: IRM)®, the global leader in storage and information management services, today announced the acquisition of InfoZafe in Bangkok ...