Iron Mountain: Deserves A Downgrade, Overly Expensive Here [Seeking Alpha]
Iron Mountain Incorporated (Delaware)Common Stock REIT (IRM)
Last iron mountain incorporated (delaware)common stock reit earnings: 2/13 06:00 am
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US:NYSE Investor Relations:
investors.ironmountain.com/company/for-investors/investors-overview/default.aspx
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Source: Seeking Alpha
Play 9min Summary IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center capex remain robust, we believe that the premium observed in its stock valuations is unwarranted. This is especially since Data Center remains a miniscule portion of IRM's top/ bottom-lines, with the management's focus on capex growth implying lower AFFO payout ratios ahead. Combined with the underwhelming forward dividend yields, growing debt reliance, and mixed sentiments surrounding gen AI, a painful correction may be coming sooner than later. While traders may consider taking part of their gains here, we believe that long-term shareholders may simply continue holding on while subscribing to their DRIP program. zakokor IRM's REIT/ Data Center Investment Thesis Has Gone Overboard Here - Downgrade To Hold We previously covered Iron Mountain Incorpo
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IRM
News
- Iron Mountain Announces Acquisition of Data Center Sites in Virginia [Yahoo! Finance]Yahoo! Finance
- Iron Mountain Expands Planned Data Center Capacity in Virginia by more than 350 Megawatts [Yahoo! Finance]Yahoo! Finance
- Iron Mountain Expands Planned Data Center Capacity in Virginia by more than 350 MegawattsBusiness Wire
- Iron Mountain Incorporated (NYSE: IRM) had its price target lowered by analysts at Barclays PLC from $133.00 to $131.00. They now have an "overweight" rating on the stock.MarketBeat
- Key Reasons to Add Iron Mountain Stock to Your Portfolio Now [Yahoo! Finance]Yahoo! Finance
IRM
Earnings
- 11/6/24 - Miss
IRM
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- IRM's page on the SEC website