17-May-2024
Cohen & Steers Announces Additional Changes to Realty Indexes
PRNewswire (Wed, 15-May 7:39 PM ET)
Cohen & Steers Announces Changes to Realty Indexes
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Short interest on real estate stocks decline in April as sector delivers strong earnings
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Iron Mountain Reports First Quarter Results
Business Wire (Thu, 2-May 6:45 AM ET)
Iron Mountain Schedules First Quarter 2024 Earnings Release and Conference Call
Business Wire (Thu, 11-Apr 7:00 AM 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 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 May 17, 2024, IRM stock price declined to $81.79 with 1,646,835 million shares trading.
IRM has a beta of 1.18, meaning it tends to be more sensitive to market movements. IRM has a correlation of 0.38 to the broad based SPY ETF.
IRM has a market cap of $23.97 billion. This is considered a Large Cap stock.
Last quarter Iron Mountain (Delaware)Common Stock REIT reported $1 billion in Revenue and $.43 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.01.
In the last 3 years, IRM stock traded as high as $83.00 and as low as $41.67.
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 +52.6% while the SPY ETF gained +29.1%. IRM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.3% and +8.6%, respectively, while the SPY returned +6.3% and +3.6%, respectively.
IRM support price is $80.74 and resistance is $83.26 (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.