Iron Mountain Incorporated (NYSE:IRM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Iron Mountain Incorporated (NYSE:IRM) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $131.6667.

Several research firms recently commented on IRM. Barclays increased their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Wells Fargo & Company boosted their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Loop Capital set a $130.00 price target on shares of Iron Mountain in a report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Zacks Research cut shares of Iron Mountain from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th.

Insider Activity at Iron Mountain

In other news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total transaction of $3,951,664.54. Following the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at $3,951,664.54. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mithu Bhargava sold 59,725 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president owned 16,054 shares in the company, valued at approximately $1,679,569.48. This trade represents a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 451,648 shares of company stock valued at $48,297,449 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Iron Mountain

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Intact Investment Management Inc. bought a new position in Iron Mountain in the third quarter worth approximately $3,588,000. NewSquare Capital LLC grew its position in shares of Iron Mountain by 4,867.6% during the 3rd quarter. NewSquare Capital LLC now owns 11,823 shares of the financial services provider’s stock valued at $1,205,000 after acquiring an additional 11,585 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Iron Mountain by 17.2% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 103,960 shares of the financial services provider’s stock valued at $10,598,000 after acquiring an additional 15,225 shares during the period. AGF Management Ltd. increased its stake in shares of Iron Mountain by 178.0% in the 3rd quarter. AGF Management Ltd. now owns 22,185 shares of the financial services provider’s stock worth $2,262,000 after purchasing an additional 14,205 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in Iron Mountain by 54.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 33,596 shares of the financial services provider’s stock worth $3,425,000 after purchasing an additional 11,893 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Trending Headlines about 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 Stock Up 0.9%

Shares of NYSE IRM opened at $127.09 on Friday. The firm has a market cap of $37.81 billion, a P/E ratio of 139.66 and a beta of 1.21. Iron Mountain has a twelve month low of $77.77 and a twelve month high of $127.94. The company has a 50 day moving average of $108.73 and a 200 day moving average of $98.23.

Iron Mountain (NYSE:IRM) last issued 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 business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $1.17 EPS. 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, equities analysts expect that Iron Mountain will post 5.26 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be given a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Iron Mountain’s payout ratio is 380.22%.

About Iron Mountain

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.