Home Dividends High Dividend Yield Love or Hate: Iron Mountain Delaware REIT (NYSE: IRM)

Love or Hate: Iron Mountain Delaware REIT (NYSE: IRM)


Iron Mountain Delaware REIT is in the business services industry and industrials sector. The company CEO is William L. Meaney. Iron Mountain Inc provides records, information management services, and data management services, along with the complex storage and information management such as rising storage rental costs, and increased litigation, and disaster recovery requirements.

Previous Intraday Trading Performance:

The IRM stock showed a previous change of 0.66% with an open at 36.26 and a close of 36.53. It reached an intraday high of 36.54 and a low of 35.95.

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The stock has a market cap of $10.5b with 286.4m shares outstanding, of which the float is 280.2m shares. Trading volume reached 1,291,320 shares compared to its average volume of 1,934,587 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Iron Mountain Delaware REIT shares returned 0.63% and in the past 30 trading days it returned 4.22%. Over three months, it changed 6.70%. In one year it has changed 16.40% and within that year its 52-week high was 37.32 and its 52-week low was 30.22. IRM stock is 20.88% above its 52 Week Low.

Our calculations show a 200 day moving average of 33.64 and a 50 day moving average of 35.26. Currently IRM stock is trading 8.60% above its 200 day moving average.

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The last annual fiscal EPS for the company was reported at 1.27 that ended on 31st of December 2018, which according to the previous close, that is a PE of 28.76. Based on 5 analyst estimates, the consensus EPS for the next quarter is 0.53. The TTM EPS is 2.16, which comes to a TTM PE of 16.91. Historically, the PE high was 90.30 and the PE low was 15.70. If the stock reached its PE low, that would represent a price of 33.92, which is a decrease of -7.16%.

The dividend per share is currently 2.44, which is a dividend yield of 6.69%. IRM stock may not have enough earnings to cover future dividends and still be able to invest in the business, therefore the dividend may be cut in the future.

Base on our calculations, the intrinsic value per share is 67.80, which means it is possibly undervalued and has a margin of safety of 46.12%

Indicators to Watch:

Based on the latest filings, there is 2.20% of insider ownership and 140.10% of institutional ownership. Short-interest is 32,936,540, which is 11.50% of shares outstanding. The short-interest ratio or days-to-cover ratio is 14.52. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.70

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 17.38%, return on assets is 3.18%, profit margin is 10.03%, price-to-sales is 3.26 and price-to-book is 5.55.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 3  :Past Performance Score
 0  :Financial Strength Score
 2  :Future Growth Score
 3  :Dividend Score
 2  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.