Iron Mountain Stock (NYSE:IRM): For Investors Seeking Value and Income
TipRanks (Wed, 27-Mar 9:04 PM ET)
Iron Mountain to Present at Financial Conference
Business Wire (Tue, 27-Feb 7:00 AM ET)
Iron Mountain Reports Fourth Quarter and Full Year 2023 Results
Business Wire (Thu, 22-Feb 6:45 AM ET)
Iron Mountain Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Business Wire (Thu, 1-Feb 7:00 AM ET)
Iron Mountain Incorporated Announces Tax Treatment of 2023 Distributions
Business Wire (Fri, 26-Jan 7:00 AM ET)
Iron Mountain Completes Acquisition of Regency Technologies
Business Wire (Wed, 10-Jan 8:30 AM ET)
Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Iron Mountain (Delaware)Common Stock REIT trades on the NYSE stock market under the symbol IRM.
As of March 28, 2024, IRM stock price climbed to $80.46 with 382,040 million shares trading.
IRM has a beta of 1.14, meaning it tends to be more sensitive to market movements. IRM has a correlation of 0.35 to the broad based SPY ETF.
IRM has a market cap of $23.52 billion. This is considered a Large Cap stock.
Last quarter Iron Mountain (Delaware)Common Stock REIT reported $1 billion in Revenue and $.52 earnings per share. This fell short of revenue expectation by $-30 million and exceeded earnings estimates by $.07.
In the last 3 years, IRM stock traded as high as $82.19 and as low as $36.47.
The top ETF exchange traded funds that IRM belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.
IRM has outperformed the market in the last year with a price return of +65.4% while the SPY ETF gained +33.7%. IRM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.5% and +2.1%, respectively, while the SPY returned +10.2% and +1.8%, respectively.
IRM support price is $78.89 and resistance is $81.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IRM stock will trade within this expected range on the day.