Iron Mountain stock is trading -6.48% below its average target price of $57.71 after dropping -1.6% during Friday's afternoon session. Analysts are giving the large-cap Specialty Real Estate Investment Trust company an average rating of buy and target prices ranging from $20.0 to $69.0 per share.
The stock has an average amount of shares sold short at 5.1%, and a short ratio of 8.77. The company's insiders own 0.83% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 80.1% of Iron Mountain's shares being owned by this investor type.
Institutions Invested in Iron Mountain
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 16% | 47,666,664 | $2,572,569,914 |
| 2023-03-31 | Capital World Investors | 9% | 25,486,477 | $1,375,505,194 |
| 2023-03-31 | Blackrock Inc. | 8% | 22,405,730 | $1,209,237,275 |
| 2023-03-31 | State Street Corporation | 5% | 13,797,287 | $744,639,596 |
| 2023-03-31 | Geode Capital Management, LLC | 3% | 7,781,928 | $419,990,663 |
| 2023-03-31 | Morgan Stanley | 2% | 4,863,397 | $262,477,542 |
| 2023-03-31 | Deutsche Bank Aktiengesellschaft | 2% | 4,584,196 | $247,409,063 |
| 2023-03-31 | Dimensional Fund Advisors LP | 1% | 4,219,190 | $227,709,689 |
| 2023-03-31 | FMR, LLC | 1% | 3,812,461 | $205,758,524 |
| 2023-03-31 | Northern Trust Corporation | 1% | 3,794,177 | $204,771,737 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Iron Mountain.
