Iron Mountain shares rose 1.2% this afternoon to a price of $56.82. The stock is still trading within range of its average target price of $57.71, and over the last 52 weeks, it has recorded a 1650.6% performance. Analysts have given the large-cap Specialty Real Estate Investment Trust stock target prices ranging from $20.0 to $69.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 5.7%, and a short ratio of 9.57. 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 | $2,708,419,833 |
| 2023-03-31 | Capital World Investors | 9% | 25,486,477 | $1,448,141,615 |
| 2023-03-31 | Blackrock Inc. | 8% | 22,405,730 | $1,273,093,571 |
| 2023-03-31 | State Street Corporation | 5% | 13,797,287 | $783,961,843 |
| 2023-03-31 | Geode Capital Management, LLC | 3% | 7,781,928 | $442,169,146 |
| 2023-03-31 | Morgan Stanley | 2% | 4,863,397 | $276,338,216 |
| 2023-03-31 | Deutsche Bank Aktiengesellschaft | 2% | 4,584,196 | $260,474,015 |
| 2023-03-31 | Dimensional Fund Advisors LP | 1% | 4,219,190 | $239,734,374 |
| 2023-03-31 | FMR, LLC | 1% | 3,812,461 | $216,624,032 |
| 2023-03-31 | Northern Trust Corporation | 1% | 3,794,177 | $215,585,135 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Iron Mountain.
