Carnick & Kubik Group LLC Invests $573,000 in Iron Mountain Incorporated (Delaware) REIT (IRM) Stock

Carnick & Kubik Group LLC bought a new position in shares of Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,200 shares of the financial services provider’s stock, valued at approximately $573,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Iron Mountain Incorporated (Delaware) REIT by 29.2% during the 3rd quarter. Wells Fargo & Company MN now owns 417,024 shares of the financial services provider’s stock worth $16,222,000 after acquiring an additional 94,201 shares during the last quarter. Toronto Dominion Bank lifted its position in Iron Mountain Incorporated (Delaware) REIT by 25.7% during the 2nd quarter. Toronto Dominion Bank now owns 83,270 shares of the financial services provider’s stock worth $2,861,000 after acquiring an additional 17,028 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Iron Mountain Incorporated (Delaware) REIT by 0.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 528,690 shares of the financial services provider’s stock worth $20,566,000 after acquiring an additional 2,780 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Iron Mountain Incorporated (Delaware) REIT by 155.1% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 503,605 shares of the financial services provider’s stock worth $19,589,000 after acquiring an additional 306,187 shares during the last quarter. Finally, Mastrapasqua Asset Management Inc. acquired a new position in Iron Mountain Incorporated (Delaware) REIT during the 3rd quarter worth $344,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Stuart B. Brown sold 1,900 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $40.75, for a total transaction of $77,425.00. Following the transaction, the chief financial officer now owns 4,010 shares in the company, valued at approximately $163,407.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Edward Bicks sold 1,880 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.50, for a total transaction of $78,020.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,023 shares of company stock worth $686,578. Insiders own 1.50% of the company’s stock.

Iron Mountain Incorporated (IRM) opened at $33.19 on Thursday. Iron Mountain Incorporated has a twelve month low of $31.91 and a twelve month high of $41.53. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.59. The stock has a market cap of $9,510.51, a PE ratio of 41.49, a PEG ratio of 4.82 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a dividend yield of 7.08%. Iron Mountain Incorporated (Delaware) REIT’s payout ratio is 293.75%.

A number of research firms have weighed in on IRM. Robert W. Baird boosted their target price on shares of Iron Mountain Incorporated (Delaware) REIT from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. ValuEngine raised shares of Iron Mountain Incorporated (Delaware) REIT from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Iron Mountain Incorporated (Delaware) REIT from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Evercore ISI assumed coverage on shares of Iron Mountain Incorporated (Delaware) REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $46.00 target price for the company. Finally, Stifel Nicolaus restated a “buy” rating and set a $43.00 price objective (up previously from $40.00) on shares of Iron Mountain Incorporated (Delaware) REIT in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.20.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.chaffeybreeze.com/2018/02/15/carnick-kubik-group-llc-invests-573000-in-iron-mountain-incorporated-delaware-reit-irm-stock.html.

Iron Mountain Incorporated (Delaware) REIT 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.

Want to see what other hedge funds are holding IRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM).

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.

Latest News

Leave a Reply