An Evaluation Of Iron Mountain Inc. (NYSE: IRM) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Iron Mountain Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.

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Stocks Info

IRM belongs to the Real Estate sector of the NYSE while operating in the REIT – Specialty industry. At the end of the last regular session, the stock closed at $69.12 and fluctuated between $69.53 as its day high and $67.40 as its day low. The current market capitalization of Iron Mountain Inc. is $20.18B. A total of 1.55 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IRM has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 21,014 and the disposition of 21,014 shares. Over the last 12 months, there were 62 BUYs and 74 SELLs from insiders. Insiders purchased 718,935 shares during that period but sold 639,493.

In the most recent transaction, MARSON DEBORAH sold 2,000 shares of IRM for 67.43 per share on Feb 01. After the transaction, the EVP, General Counsel, Sec. now owns 48,026 company shares. In a previous transaction on Jan 10, Meaney William L sold 15,875 shares at 67.19 per share. IRM shares that President and CEO owns now total 295,650.

Among the insiders who sold shares, Meaney William L disposed of 15,875 shares on Jan 09 at a per-share price of $67.47. This resulted in the President and CEO holding 295,650 shares of IRM after the transaction. In another insider transaction, MARSON DEBORAH sold 2,000 shares at $66.16 per share on Jan 05. Company shares held by the EVP, General Counsel, Sec. now total 50,026.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Iron Mountain Inc. pays an annual dividend of $2.53, resulting in a dividend yield of 3.65%, and it has a price to earnings (P/E) ratio of 72.90. IRM’s most recent ex-dividend date was 12/14/2023 when it declared a $0.65 quarterly dividend that was paid in cash on 1/4/2024. Previously, the company paid the dividend on 10/5/2023 with an ex-dividend date of 9/14/2023. The IRM stock dividend was $0.65 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IRM in the last 3 months, the mean price target is $69.25 with high estimates of $79.00 and low estimates of $44.00. In terms of 52-week highs and lows, IRM has a high of $70.66 and a low of $48.93.

As of this writing, IRM has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IRM is Buy with a score of 4.29.

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