Is Iron Mountain Inc. (NYSE: IRM) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Iron Mountain Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Specialty industry. The current market capitalization of Iron Mountain Inc. is $27.22B. A total of 1.42 million shares were traded on the day, compared to an average of 1.70M shares.

In the most recent transaction, Tomovcsik John sold 35,084 shares of IRM for 88.76 per share on Jun 20 ’24. After the transaction, the EVP, Chief Operating Officer now owns 20,366 company shares. In a previous transaction on Jun 20 ’24, Baker-Greene Edward sold 6,200 shares at 88.35 per share. IRM shares that EVP, CHRO owns now total 11,311.

Among the insiders who sold shares, Hytinen Barry disposed of 9,000 shares on Jun 18 ’24 at a per-share price of $88.31. This resulted in the EVP and CFO holding 110,367 shares of IRM after the transaction. In another insider transaction, Borges Daniel sold 3,095 shares at $86.83 per share on Jun 17 ’24. Company shares held by the SVP & Chief Accounting Officer now total 0.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Iron Mountain Inc. pays an annual dividend of $2.59, resulting in a dividend yield of 2.79%, and it has a price to earnings (P/E) ratio of 141.31. IRM’s most recent ex-dividend date was 6/17/2024 when it declared a $0.65 quarterly dividend that was paid in cash on 7/5/2024. Previously, the company paid the dividend on 4/4/2024 with an ex-dividend date of 3/14/2024. The IRM stock dividend was $0.65 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, IRM has a high of $92.72 and a low of $56.51.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. IRM’s latest balance sheet shows that the firm has $255.83M in Cash & Short Term Investments as of fiscal 2021. There were $11.70B in debt and $2.02B in liabilities at the time. Its Book Value Per Share was $0.06, while its Total Shareholder’s Equity was $857.07M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IRM is Buy with a score of 4.29.

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