E Daily Stock Analysis: Iron Mountain Inc

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Iron Mountain Inc, goes by the ticker symbol IRM and is a mid-cap member of the real estate sector as a specialty real estate investment trust. This is my first ever report on Iron Mountain Inc for this Vista folio it has been mentioned for one of my previous collections.

Iron Mountain Inc is a record management services provider. The firm 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.

Founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries.

The company is headquartered in Boston, MA

Three key data points gauge dividend equities or funds like Iron Mountian Inc:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

IRM Price

Iron Mountain's price per share closed at $47.03 yesterday. One year ago its price was $30.13. Thus, price per share grew over 56% year over year as it recovered from the Covid doldrums. 

Should IRM's stock trade in the range of $24 to  $50.00 this next year, its recent $47.03 price might rise by $1.77 to reach $48.80 by June 10, 2022. My estimate corresponds with the average annual price increase over the past twenty-five years.

IRM Dividends

Iron Mountain Inc's most recent quarterly dividend payout of $0.6185 is payable July 6th and equates to $2.47 annually which will yield 5.26% based on yesterday's $47.03 closing price. IRM has paid quarterly dividends increasing annually since 2011 (10 years.)

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Disclaimer:  This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...

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