Iron Mountain (NYSE:IRM) Share Price Breaks Below 200 Day Moving Average – Should You Sell?

Shares of Iron Mountain Incorporated (NYSE:IRM) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $115.31 and traded as low as $104.19. Iron Mountain shares last traded at $105.2280, with a volume of 4,353,102 shares trading hands.

Key Iron Mountain News

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

• Positive Sentiment: Third-quarter adjusted funds from operations (AFFO) beat estimates, supported by data-center leasing growth, asset lifecycle management and resilient storage operations. Revenue was about $1.99 billion, up 13.5% year over year, and the company raised its 2026 outlook. Article: IRM Q3 AFFO Beats Estimates on Data Center and ALM Growth
• Positive Sentiment: IRM increased its quarterly dividend 14.9% to $0.993 per share, equivalent to about $3.97 annually and a 3.8% yield. The higher payout may support investor appeal. Article: Iron Mountain Increases Quarterly Dividend per Share by 15%
• Negative Sentiment: The main pressure was softer-than-expected revenue guidance for the fourth quarter. Investors appeared to weigh that near-term outlook more heavily than the quarterly beat and raised full-year forecast. Article: Iron Mountain shares decline as revenue guidance falls below forecasts despite Q3 earnings beat

Wall Street Analyst Weigh In

IRM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Iron Mountain from $138.00 to $147.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. BNP Paribas Exane lifted their price objective on shares of Iron Mountain from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Rothschild & Co Redburn started coverage on shares of Iron Mountain in a research report on Monday, September 21st. They set a “buy” rating and a $132.00 target price for the company. Jefferies Financial Group lowered their target price on shares of Iron Mountain from $147.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, The Goldman Sachs Group upped their target price on shares of Iron Mountain from $153.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.89.

Iron Mountain Price Performance

The company has a market cap of $31.33 billion, a P/E ratio of 75.16 and a beta of 1.18. The stock has a fifty day moving average price of $114.08 and a two-hundred day moving average price of $115.31.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. Iron Mountain’s revenue was up 13.5% compared to the same quarter last year. Equities analysts predict that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.9930 per share. This is a boost from Iron Mountain’s previous quarterly dividend of $0.8640. The ex-dividend date is Tuesday, December 15th. This represents a $3.97 annualized dividend and a yield of 3.8%. Iron Mountain’s dividend payout ratio (DPR) is 246.43%.

Insiders Place Their Bets

In other news, EVP Greg W. Mcintosh sold 5,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $116.96, for a total value of $584,800.00. Following the completion of the sale, the executive vice president owned 65,634 shares in the company, valued at $7,676,552.64. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the transaction, the executive vice president directly owned 95,507 shares in the company, valued at $11,040,609.20. The trade was a 5.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 97,948 shares of company stock valued at $11,048,567 in the last three months. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors have recently added to or reduced their stakes in IRM. Aew Capital Management Inc. purchased a new position in shares of Iron Mountain in the 3rd quarter worth approximately $444,000. Maryland State Retirement & Pension System grew its holdings in shares of Iron Mountain by 13.0% in the third quarter. Maryland State Retirement & Pension System now owns 18,056 shares of the financial services provider’s stock valued at $2,003,000 after acquiring an additional 2,076 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Iron Mountain by 11.4% in the third quarter. Ritholtz Wealth Management now owns 2,513 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 258 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Iron Mountain during the third quarter valued at approximately $2,705,000. Finally, First Command Advisory Services Inc. increased its position in shares of Iron Mountain by 810.1% during the third quarter. First Command Advisory Services Inc. now owns 2,157 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 1,920 shares during the last quarter. 80.13% of the stock is owned by institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.