Home Dividends High Dividend Yield Current Movement: Iron Mountain Delaware REIT (NYSE: IRM)

Current Movement: Iron Mountain Delaware REIT (NYSE: IRM)


Iron Mountain Delaware REIT is in the real estate sector and is part of the REITs industry. 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 -1.32% with an open at 31.91 and a close of 31.31. It reached an intraday high of 31.99 and a low of 31.27.

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The stock has a market cap of $9.0b with 286.9m shares outstanding, of which the float is 280.7m shares. Trading volume reached 2,535,468 shares compared to its average volume of 2,720,417 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 -0.98% and in the past 30 trading days it returned -14.29%. Over three months, it changed -9.07%. In one year it has changed 1.67% and within that year its 52-week high was 37.32 and its 52-week low was 30.22. IRM stock is 3.61% above its 52 Week Low.

Our calculations show a 200 day moving average of 33.51 and a 50 day moving average of 33.93. Currently IRM stock is trading -6.57% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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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 24.65. 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 14.50. Historically, the PE high was 90.30 and the PE low was 14.50. IRM stock has set a new PE low record!

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 0.10
4thQtr of 2018 0.55
3rdQtr of 2018 0.23
2ndQtr of 2018 0.33
1stQtr of 2018 0.16

The dividend per share is currently 2.44, which is a dividend yield of 7.81%.

Base on our calculations, the intrinsic value per share is 61.08, which means it is possibly undervalued and has a margin of safety of 48.74%.

Indicators to Watch:

Short-interest was 33,573,062, which was 11.70% of shares outstanding. The short-interest ratio or days-to-cover ratio was 19.12. 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 0.63.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 17.33%, return on assets is 2.71%, profit margin is 8.26%, price-to-sales is 2.15 and price-to-book is 5.11.

Company Scores:

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

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.