Nov 19 2019

Irm stock

Irm stock-Irm stock
Irm stock-IRM | Complete Iron Mountain Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

Iron Mountain Inc.

Close Chg Chg %
$32.18 0.27 0.85% 0.27 0.85%

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  • Open $31.92
  • Day Range 31.92 – 32.26
  • 52 Week Range 29.28 – 37.32
  • Market Cap $9.24B
  • Shares Outstanding 286.88M
  • Public Float 281.32M
  • Beta 0.76
  • Rev. per Employee $150.38K
  • P/E Ratio 31.66
  • EPS $1.02
  • Yield 7.59%
  • Div >$0.61
  • Ex-Div >Sep 13, 2019
  • Short Interest 39.51M 09/13/19
  • % of Float Shorted 14.04%
  • Average Volume 2.67M


5 Day
  • 0.56%
1 Month
  • 1.04%
3 Month
  • 2.81%
  • -0.71%
1 Year
  • -6.78%

Recent News

  • MarketWatch
  • WSJ

Iron Mountain’s stock tumbles to pace S&P 500 losers after BofA Merrill turns bearish, slashes target

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%.

  • Jul. 11, 2019 at 11:25 a.m. ET
  • by Tomi Kilgore

Iron Mountain started at outperform with $38 stock price target at Wells Fargo

  • Jul. 10, 2019 at 7:30 a.m. ET
  • by Tomi Kilgore

REIT stocks in broad selloff as bond yields rise

Shares of real estate investment trust are selling off in unanimous fashion, as the better-than-expected June jobs data has fueled in a big jump in Treasury yields. The SPDR Real Estate Select Sector ETF shed 1.0% in midday trading, with all 32 of its equity components losing ground. The REIT ETF (XLRE) tends to act as a bond proxy given its relatively high dividend yield, which means it becomes less attractive to investors when bond prices fall and bond yields rise. The 10-year Treasury yield jumps 10.2 basis points to 2.055% after closing Wednesday at the lowest yield since November 2016. The XLRE’s yield is 3.26%, compared with the implied yield for the S&P 500 of 1.93%. Among the XLRE’s most-active components, shares of Host Hotels & Resorts Inc. declined 0.8%, Weyerhaeuser Co. lost 1.3%, HCP Inc. dropped 1.5% and Kimco Realty Co. slipped 0.5%. Of the XLRE’s highest yielders, shares of Macerich Co. fell 0.4% and yields 9.05%, while Iron Mountain Inc. slid 1.7% and yields 7.78%.


Irm stock


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