Simplicity Wealth LLC Buys New Shares in Iron Mountain Incorporated $IRM

Simplicity Wealth LLC bought a new stake in shares of Iron Mountain Incorporated (NYSE:IRM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,294 shares of the financial services provider’s stock, valued at approximately $439,000.

A number of other institutional investors also recently modified their holdings of IRM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Iron Mountain by 597.9% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,161,589 shares of the financial services provider’s stock valued at $322,292,000 after acquiring an additional 2,708,560 shares during the period. Invesco Ltd. lifted its position in shares of Iron Mountain by 18.1% during the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock valued at $516,481,000 after acquiring an additional 776,933 shares during the period. Centersquare Investment Management LLC lifted its position in shares of Iron Mountain by 23.8% during the 3rd quarter. Centersquare Investment Management LLC now owns 2,514,464 shares of the financial services provider’s stock valued at $256,324,000 after acquiring an additional 483,548 shares during the period. AQR Capital Management LLC lifted its position in shares of Iron Mountain by 331.5% during the 3rd quarter. AQR Capital Management LLC now owns 457,472 shares of the financial services provider’s stock valued at $46,356,000 after acquiring an additional 351,463 shares during the period. Finally, Bamco Inc. NY lifted its position in shares of Iron Mountain by 306.3% during the 3rd quarter. Bamco Inc. NY now owns 436,831 shares of the financial services provider’s stock valued at $44,531,000 after acquiring an additional 329,307 shares during the period. Institutional investors and hedge funds own 80.13% of the company’s stock.

Wall Street Analyst Weigh In

IRM has been the topic of a number of research reports. Barclays boosted their target price on shares of Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Loop Capital set a $130.00 price target on shares of Iron Mountain in a research note on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Key Stories Impacting Iron Mountain

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Q1 beat & guidance raise — Iron Mountain reported stronger-than-expected Q1 results (revenue up ~21.5%, AFFO and EPS beat) and raised FY2026 and Q2 guidance, signaling sustained demand across data centers and digital services. Press Release / Slide Deck
• Positive Sentiment: AI/data-center tailwind — Reuters and other outlets attribute the guidance lift to accelerating demand from AI workloads driving colocation and data-center services, a higher-growth area for IRM. Iron Mountain raises annual forecast on AI-fueled data center boom
• Positive Sentiment: AFFO and profitability momentum — Analysts highlighted strong AFFO growth (~22%) and improved cash-generation metrics that underpin the stock’s re-rating and dividend capacity. Zacks: Q1 AFFO Tops Estimates
• Positive Sentiment: Analyst upgrade / higher target — JPMorgan upgraded IRM to “Overweight” and raised its target to $138, reinforcing buy-side momentum and setting an upgraded valuation anchor. Benzinga
• Neutral Sentiment: Dividend declared — Board announced a $0.864 quarterly dividend (ex-dividend June 15), which supports the REIT income story but is expected rather than transformative. (Company release / earnings materials linked above.)
• Neutral Sentiment: Market technicals and coverage — Coverage pieces and trade notes flagged IRM’s move into resistance/record-high territory after the print, which can attract momentum traders but may also invite short-term profit-taking. Invezz: resistance story
• Negative Sentiment: Insider & institutional selling — Reports note substantial insider sales recently (including multiple executive disposals) and large institutional position shifts, which could concern some investors about near-term liquidity or tax-driven selling pressure.

Iron Mountain Price Performance

Shares of IRM stock opened at $127.09 on Friday. The firm has a 50-day moving average of $108.73 and a 200-day moving average of $98.25. The company has a market cap of $37.81 billion, a P/E ratio of 264.78 and a beta of 1.21. Iron Mountain Incorporated has a one year low of $77.77 and a one year high of $127.94.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $0.50 by $0.93. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. As a group, research analysts expect that Iron Mountain Incorporated will post 5.26 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Monday, June 15th will be given a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 annualized dividend and a yield of 2.7%. Iron Mountain’s dividend payout ratio is presently 720.83%.

Insider Activity at Iron Mountain

In related news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $102.71, for a total transaction of $616,260.00. Following the completion of the transaction, the executive vice president owned 125,507 shares in the company, valued at approximately $12,890,823.97. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jennifer Allerton sold 7,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $108.88, for a total transaction of $762,160.00. Following the transaction, the director owned 11,541 shares of the company’s stock, valued at approximately $1,256,584.08. The trade was a 37.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 451,648 shares of company stock worth $48,297,449 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.