What Is the Market Outlook on IRM?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.