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Iron Mountain - Government Trades

Iron Mountain

Iron Mountain Inc is a record management services provider. It is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Iron Mountain Incorporated

Stuttgart,,Germany,-,07-29-2023:,Cellphone,With,Logo,Of,American,Company

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On CNBC&#39;s &#34;Halftime Report Final Trades,&#34; Joseph M. Terranova of Virtus Investment Partners named Iron Mountain Inc. as his final trade.

Amazon, Uber And A Real Estate Stock On CNBC&#39;s &#39;Final Trades&#39;

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Iron Mountain reported Q3 results with adjusted EPS of $0.44, missing estimates, but revenue of $1.56B beat expectations. 2024 guidance affirmed.

Why Is Iron Mountain Stock Plunging On Wednesday?

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Peter Lynch, one of the most successful mutual-fund managers, believes investing in &#39;boring&#39; stocks can be profitable. Here are 3 examples.

Buy These 3 &#34;Boring&#34; Stocks From Peter Lynch

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Wells Fargo is going to go higher, according to Jim Cramer. It&#39;s a &#34;winner,&#34; the &#34;Mad Money Lightning Round&#34; host said.

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Jim Cramer discusses Micron, Intel, Iron Mountain, L3Harris and Devon on today&#39;s Mad Money Lightning Round.

Jim Cramer Praises L3Harris Technologies, Says Intel Is &#39;Getting Whacked&#39; By AMD: &#39;I Much Prefer...&#39;

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Iron Mountain Incorporated (NYSE: IRM) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of $1.08, beating the Zacks Consensus Estimate of $1.06.

Iron Mountain&#39;s Q2 AFFO Beat Estimates, Revenues Rise Y/Y

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Iron Mountain reported Q2 earnings of $0.42 per share, missing estimates. Revenues beat at $1.53B. AFFO increased by 11.8%. Dividend increased by 10%. Stock up 74% in last 12 months.

Iron Mountain Q2: Data Storage Demand, Dividend Boost &amp; More

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To capitalize digital transformations, Digital Realty (NYSE: DLR) recently announced the acquisition of a colocation data center in the Slough Trading Estate for $200 million.

Digital Realty Acquires Data Center Campus in Slough

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Top 4 Real Estate Stocks That May Plunge This Month

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Iron Mountain reported a total revenue increase of 12.2% compared to the prior year, driven by a 9% increase in storage rental revenue and a 17.2% increase in service revenue.

What&#39;s Going On With Iron Mountain Shares After Q1 Earnings?

Iron Mountain Incorporated (Delaware)Common Stock REIT

Iron Mountain Inc

iRadimed Corp

IR-Med Inc

IRIS METALS LTD by IRIS METALS LTD.

INFORMATION SVCS CORP ORD by Information Svcs Corp

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Iron Mountain shares are trading lower. Barclays cut its price target on the stock from $131 to $130.

Barclays analyst Brendan Lynch maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and lowers the price target from $131 to $130.

Price Target

Barclays Maintains Overweight on Iron Mountain, Lowers Price Target to $130

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 5.52% since its last report. The company recently reported that it has 7.54 million shares sold short, which is 3.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.63 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737658818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 6.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Iron Mountain's Recent Short Interest

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 14.96% on an annualized basis producing an average annual return of 27.44%. Currently, Iron Mountain has a market capitalization of $29.99 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $333.50 today based on a price of $102.20 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736518523_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/12/31/final-trades-amazon-uber-and-iron-mountain.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners named Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) as his final trade.
On Nov. 6, Iron Mountain reported third-quarter financial results. The company reported that the third quarter adjusted earnings per share was 44 cents. Quarterly revenue of $1.56 billion, beating the street view of $1.55 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Joshua Brown of Ritholtz Wealth Management said he likes Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) for the <a href="https://www.benzinga.com/24/12/42601327/amazon-investors-unbothered-as-warehouse-workers-walk-off-the-job-whats-going-on-with-the-e-commerce-giants-stock">balance of 2025</a>.
Amid peak holiday shopping, Amazon.com recently announced that its operations will remain unaffected despite a strike initiated by workers at seven of its U.S. facilities.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is &#8220;wildly oversold.&#8221; The ride hailing company has 30% to 50% earnings growth ahead, he says.
Taiwan's Fair Trade Commission (FTC) has reportedly blocked Uber&#8217;s $950 million acquisition of Delivery Hero's Foodpanda business due to anti-competitive concerns. The merger, which was initially announced in May 2023, would have significantly increased Uber Eats' dominance in Taiwan's food delivery market, giving the combined company over 90% of the <a href="https://www.benzinga.com/markets/equities/24/12/42678877/ubers-foodpanda-acquisition-blocked-in-taiwan-due-to-competition-concerns">market share, Reuters reported.</a>
Price Action:
<ul>
<li>Amazon shares fell 0.9% to close at $219.39 during Tuesday's session.</li>
<li>Uber shares gained 0.7% to close at $60.32 on Tuesday.</li>
<li>Iron Mountain shares gained 1.4% to settle at $105.11 on Tuesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/12/42740135/how-to-earn-500-a-month-from-alphabet-stock">How To Earn $500 A Month From Alphabet Stock</a></li>
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Image: Shutterstock

Amazon, Uber And A Real Estate Stock On CNBC's 'Final Trades'

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 4.68% since its last report. The company recently reported that it has 7.97 million shares sold short, which is 3.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735675216_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 6.07%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 13.84% on an annualized basis producing an average annual return of 27.21%. Currently, Iron Mountain has a market capitalization of $31.07 billion. 
Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $3,319.08 today based on a price of $105.89 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735074910_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Iron Mountain Prices Upsized Offering By Way Of Private Placement Of $1.2B Of Its 6.25% Senior Notes Due 2033

RBC Capital analyst Jonathan Atkin maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Outperform and raises the price target from $135 to $139.

RBC Capital Maintains Outperform on Iron Mountain, Raises Price Target to $139

Barclays analyst Brendan Lynch maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and lowers the price target from $133 to $131.

Barclays Maintains Overweight on Iron Mountain, Lowers Price Target to $131

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has risen 3.55% since its last report. The company recently reported that it has 9.27 million shares sold short, which is 3.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731514512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(IRM) - Analyzing Iron Mountain's Short Interest

Iron Mountain Inc.&nbsp;(NYSE: IRM) reported&nbsp;third-quarter financial results&nbsp;Wednesday before the bell,&nbsp;following&nbsp;which the stock price declined. Here are the key metrics <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769402/iron-mountain-reports-third-quarter-results" rel="noreferrer noopener">from the quarter</a>.
Q3 Earnings Details:&nbsp;The company reported that the third quarter adjusted earnings per share was 44 cents. Quarterly revenue of $1.56 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of $1.55 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41753290/ferrari-slows-down-q3-shipment-drop-hits-the-brakes-on-stock-growth" rel="noreferrer noopener">Ferrari Slows Down, Q3 Shipment Drop Hits the Brakes On Stock Growth</a>
Total reported revenues (excluding the impact of foreign currency exchange) increased 12% compared to the prior year. This was driven by a 9% increase in storage rental revenue and a 17% increase in service revenue.
On a constant currency basis, adjusted EBITDA increased by 14% in the quarter Y/Y, driven by the increase in Global Records Information Management&nbsp;(RIM), Asset Lifecycle Management&nbsp;(ALM), and&nbsp;data center.
AFFO was $332.0 million for the quarter, compared with $301.2 million last year, an increase of 10.2% driven by improved adjusted EBITDA. AFFO per share was $1.13, higher by 11% Y/Y.
Iron Mountain&#8217;s President and CEO, William L. Meaney, highlighted the team&#8217;s remarkable strides toward ambitious growth goals, noting that the Project Matterhorn operating model elevates the business by delivering innovative, enhanced solutions for customers.
Outlook:&nbsp;Iron Mountain <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40106672/iron-mountain-q2-data-storage-demand-dividend-boost-more" rel="noreferrer noopener">affirmed&nbsp;full-year 2024</a> guidance towards the upper end of&nbsp;the guidance&nbsp;range for revenues of $6 billion–$6.15 billion&nbsp;versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$6.24 billion estimate</a> and AFFO per share of $4.39–$4.51.
Iron Mountain stock gained over 83% year-to-date.
<h2 class="wp-block-heading">Iron Mountain Stock Prediction For 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Iron Mountain's revenue has grown at an average rate of 9.53% annually over the past 5 years. The average 1-year price target from analysts is $136.0, representing an expected 19.13% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Iron Mountain have seen an annualized return of 44.62%, outperforming the S&amp;P500 index by 37.48%. This compares to -0.5% growth in the overall Real Estate sector. Iron Mountain has a beta of 0.58.
Price Action:&nbsp;IRM stock is down 9.38 to $113.94 at&nbsp;the last check on Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41757088/fox-corps-political-ad-revenue-surges-tubi-growth-sparks-analyst-optimism" target="_blank" rel="noreferrer noopener">Fox Corp&#8217;s Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism</a></li>
</ul>

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.97% on an annualized basis producing an average annual return of 29.67%. Currently, Iron Mountain has a market capitalization of $37.08 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $364.41 today based on a price of $126.40 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730907021_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Iron Mountain 5 Years Ago Would Be Worth This Much Today

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $0.81 by 39.51 percent. The company reported quarterly sales of $1.56 billion which beat the analyst consensus estimate of $1.55 billion by 0.20 percent. This is a 12.10 percent increase over sales of $1.39 billion the same period last year.

Earnings Beats

Iron Mountain Q3 2024 FFO $1.13 Beats $0.81 Estimate, Sales $1.56B Beat $1.55B Estimate

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 10.07% since its last report. The company recently reported that it has 8.95 million shares sold short, which is 3.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730739619_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 6.09%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Iron Mountain?

Mutual-fund manager Peter Lynch is one of the most successful mutual-fund managers of all time. His average annual return of 29% from 1977 to 1990 would have turned a $10,000 investment into nearly $150,000.
And in his book "One Up on Wall Street," he described the best possible stock: First, its name sounds dull. Second, it does something dull.
Lynch's insight was that when it comes to investing, "Boring is beautiful." That's because boring companies tend to be undervalued, even as they grow earnings solidly each year.
Lynch found some spectacularly performing, "dull" stocks from his time in the business. He bought payroll manager Automatic Data Processing (ADP), food-products company Bob Evans Farms (now a private company), concrete maker Consolidated Rock, and even a company that ran a network of funeral homes.
He told of his decision to buy an auto-repair service, explaining&#8230;
"Blurting out that you own Pep Boys won&#8217;t get you much of an audience at a cocktail party, but whisper &#8220;GeneSplice International&#8221; and everybody listens. Meanwhile, GeneSplice International is going nowhere but down, while [Pep Boys] just keeps going higher."
Because when it comes to investing, Lynch said, boring is often better.
So here are three "boring" stocks that could easily multiply your money in the years ahead.
"Boring" Stock No. 1: American Waterworks Inc. (AWK)
Whether or not we're in a recession, everyone needs to flush toilets… and that's where American Waterworks (AWK) comes in.
Through its subsidiaries, AWK provides water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers.
Since 2009, AWK has returned 645%, including dividends, compared to a 480% return for the S&amp;P 500. It's also raised its dividend each year in the same time frame, offering further proof that "boring" companies can outperform.
"Boring" Stock No. 2: Sherwin-Williams Co. (SHW)
Sherwin-Williams makes and sells paint. It oversees the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers.
You could say it's as interesting as watching paint dry… but long-term investors surely aren't complaining.
Since the 1980s, Sherwin-Williams shares have returned a staggering 128,000% for investors. Shares are up 18% in 2024 so far, including a 15.5% dividend increase.
"Boring" Stock No. 3: Iron Mountain (IRM)
Iron Mountain Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, it offers a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management.
So clearly, it&#8217;s not too glamorous a business. But Peter Lynch would approve—IRM shares are up over 1,000% since 2000, and the company just increased its dividend by 10.5%. Revenue growth was 13% last quarter, further evidence that this "boring" company continues to deliver for investors.
<a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=mo7op1spmireml27&amp;utm_source=RD-1028">Get Trade Alerts From Me, An Options Pro Who Gets Real Results</a>
Image via Midjourney

Buy These 3 "Boring" Stocks From Peter Lynch

Wells Fargo analyst Eric Luebchow maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and raises the price target from $120 to $135.

Wells Fargo Maintains Overweight on Iron Mountain, Raises Price Target to $135

Iron Mountain's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) short percent of float has fallen 12.47% since its last report. The company recently reported that it has 9.97 million shares sold short, which is 4.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.77 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Iron Mountain Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729008917_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Iron Mountain has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Iron Mountain's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Iron Mountain's peer group average for short interest as a percentage of float is 5.86%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.44% on an annualized basis producing an average annual return of 29.43%. Currently, Iron Mountain has a market capitalization of $35.34 billion. 
Buying $1000 In IRM: If an investor had bought $1000 of IRM stock 5 years ago, it would be worth $3,664.31 today based on a price of $120.49 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728586841_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Iron Mountain 5 Years Ago Would Be Worth Today

Barclays analyst Brendan Lynch maintains Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) with a Overweight and raises the price target from $91 to $133.


Thomas R. CarperSenate (D-DE)	$1K - $15K	stock	Sale (Partial)	Jan 03, 2024	Dec 11, 2023	Senate
Daniel GoldmanHouse (D-NY)	$1K - $15K	stock	Sale	Aug 13, 2023	Jul 12, 2023	House
Thomas R. CarperSenate (D-DE)	$1K - $15K	stock	Sale (Partial)	Mar 01, 2023	Feb 21, 2023	Senate

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