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Yahoo
5 days ago
- Business
- Yahoo
Is Iron Mountain Stock Outperforming the Dow?
Portsmouth, New Hampshire-based Iron Mountain Incorporated (IRM) provides records management, data management solutions, and information destruction services. Valued at $30.1 billion by market cap, the company serves banking, energy, entertainment, health care, insurance, law firm, life science, retail, and pharmaceutical industries. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and IRM perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the REIT - specialty industry. Trump Is Giving Tesla's Robotaxis a Leg Up Ahead of June 22. Should You Buy TSLA Stock Now? Dear Nvidia Stock Fans, Mark Your Calendars for July 16 The Trump Family Is Betting Big on Mobile Phones. Should Apple Stock Investors Be Worried? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its notable strength, IRM slipped 21.1% from its 52-week high of $130.24, achieved on Oct. 25, 2024. Over the past three months, IRM stock gained 15.3%, outperforming the Dow Jones Industrials Average's ($DOWI) marginal gains during the same time frame. In the longer term, shares of IRM dipped 2.2% on a YTD basis, underperforming DOWI's YTD marginal losses. However, the stock climbed 16.4% over the past 52 weeks, outperforming DOWI's 9.2% returns over the last year. To confirm the bearish trend, IRM is trading below its 200-day moving average since late January, with minor fluctuations. However, the stock has been trading above its 50-day moving average since late April. IRM's strong performance can be attributed to its focus on cash flow in storage and records management, as well as growth in the data center business through strategic acquisitions. The company's expansion strategy includes organic growth efforts and capital recycling to support its growth endeavors. Additionally, IRM's legacy physical storage operations saw stable demand, while its growth businesses grew by over 20%. Overall, the company's results reflect solid performance across all segments, highlighting its successful growth strategy for Project Matterhorn. On May 1, IRM shares closed up more than 2% after reporting its Q1 results. Its adjusted FFO of $1.17 per share exceeded Wall Street expectations of $1.16 per share. The company's revenue was $1.59 billion, missing Wall Street forecasts of $1.60 billion. IRM expects full-year adjusted FFO in the range of $4.95 to $5.05 per share, and expects revenue in the range of $6.7 billion to $6.9 billion. In the competitive arena of REIT - specialty, Digital Realty Trust, Inc. (DLR) has taken the lead over IRM, showing resilience with a marginal loss on a YTD basis and 18.2% uptick over the past 52 weeks. Wall Street analysts are bullish on IRM's prospects. The stock has a consensus 'Strong Buy' rating from the nine analysts covering it, and the mean price target of $115.78 suggests a potential upside of 12.7% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
04-06-2025
- Business
- Yahoo
Why Iron Mountain Stock Rallied 10% in May
Iron Mountain reported strong first-quarter results last month. The REIT is benefiting from the accelerating growth provided by its growth businesses. It's in a strong position to continue growing. 10 stocks we like better than Iron Mountain › Shares of Iron Mountain (NYSE: IRM) jumped 10.1% in May, according to data provided by S&P Global Market Intelligence. A big catalyst was the real estate investment trust's (REIT) strong first-quarter results. Iron Mountain got off to a "strong start to 2025," commented CEO William Meaney in the REIT's first-quarter earnings press release. He noted that the company delivered "another record performance in Revenue, Adjusted EBITDA, and AFFO in the first quarter and above our expectations." Its revenue rose 8%, its adjusted EBITDA increased 12%, and its AFFO rose 8% (and by 6% per share). The company saw strong performance across its business. Its legacy physical storage operations benefited from stable demand. Meanwhile, its growth businesses (data, digital, and asset lifecycle management) collectively grew by more than 20% in the period. The company continues to benefit from its Project Matterhorn growth strategy, which is a multiyear plan to accelerate its growth. It has helped the REIT deliver 11% compound annual revenue growth and 9% compound annual AFFO growth since 2021. Its growth businesses have increased their revenue at a 28% compound annual rate during that period (compared to 6% for its legacy operations) and now contribute 28% of its yearly revenue. Iron Mountain sees more growth ahead. Its strong performance in the first quarter and positive outlook led the company to increase its full-year guidance. It now expects its revenue and AFFO to grow by 11% at the midpoint of its forecast (up from 9%), with AFFO per share rising 10% (up from 8%). A key aspect of the company's strategy has been investing in building data centers. The REIT currently has 29 data centers in 21 markets, serving over 1,300 customers. It has 424 megawatts (MW) of operating capacity, another 185 MW under construction, and an additional 671 MW of development projects in the pipeline. That large backlog puts the company in a position to grow its data center revenue at a more than 20% annual rate in the future. Iron Mountain's Project Matterhorn strategy has helped significantly grow shareholder value in recent years. The stock is up over 250% in the past five years. That has shares trading at around $100 or about 20 times AFFO at the midpoint of its 2025 guidance range. That's a reasonable level for a REIT and right in line with the trading levels of other REITs focused on the fast-growing data center sector. Because of that, Iron Mountain still looks like a buy for those seeking income (it has a more than 3% dividend yield) and solid growth potential. Before you buy stock in Iron Mountain, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Iron Mountain wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Matt DiLallo has positions in Iron Mountain. The Motley Fool recommends Iron Mountain. The Motley Fool has a disclosure policy. Why Iron Mountain Stock Rallied 10% in May was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
10-02-2025
- Business
- Yahoo
Here's How You Can Earn $100 In Passive Income By Investing In Iron Mountain Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Iron Mountain (NYSE:IRM) is a global leader in information management services, offering a range of solutions including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics. It will report its Q4 2024 earnings before the market opens on Feb. 13. Wall Street analysts expect the company to post EPS of $0.54, up from $0.52 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.60 billion, up from $1.42 billion a year earlier. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The 52-week range of Iron Mountain stock price was $66.20 to $130.24. Iron Mountain's dividend yield is 2.75%. It paid $2.86 per share in dividends during the last 12 months. On Nov. 6, the company announced its Q3 2024 earnings, posting FFO of $1.13, compared with the consensus estimate of $0.81, and revenues of $1.56 billion, compared to the consensus of $1.55 billion, as reported by Benzinga. 'We are pleased to report a very strong third quarter and continued strong momentum in the second half of 2024, resulting in all-time record Revenue, Adjusted EBITDA, and AFFO,' said William L. Meaney, president and CEO of Iron Mountain. 'Our team is making outstanding progress toward our accelerated growth objectives and our Project Matterhorn operating model continues to drive our business to greater heights by providing new and enhanced solutions for our customers.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Check out this article by Benzinga to learn how much a $100 investment in Iron Mountain stock five years ago would be worth today. If you want to make $100 per month — $1,200 annually — from Iron Mountain dividends, your investment value needs to be approximately $43,637, which is around 414 shares at $105.31 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (2.75% in this case). So, $1,200 / 0.0275 = $43,637 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis. For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find Iron Mountain stock an attractive option for making a steady income of $100 per month by owning 414 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Iron Mountain has raised its dividend consecutively for the last nine years. Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. to decide which one is right for you. Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities. , which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, Looking for fractional real estate investment opportunities? The features the latest offerings. This article Here's How You Can Earn $100 In Passive Income By Investing In Iron Mountain Stock originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
