This afternoon we watched Iron Mountain drop -1.6% to a price of $115.56 per share. The Large-Cap Specialty Real Estate Investment Trust company is now trading -5.38% below its average target price of $122.13. Analysts have set target prices ranging from $45.0 to $140.0 per share for Iron Mountain, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 3.7%, and a short ratio of 6.43. The company's insiders own 0.82% 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 86.0% of Iron Mountain's shares being owned by this investor type.
Institutions Invested in Iron Mountain
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 16% | 46,643,352 | $5,390,105,643 |
| 2024-06-30 | Blackrock Inc. | 10% | 27,891,960 | $3,223,194,829 |
| 2024-06-30 | Cohen & Steers Inc. | 8% | 23,051,016 | $2,663,775,352 |
| 2024-06-30 | State Street Corporation | 6% | 17,516,178 | $2,024,169,486 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 8,129,343 | $939,426,857 |
| 2024-06-30 | Daiwa Securities Group Inc. | 2% | 4,517,699 | $522,065,285 |
| 2024-09-30 | Dimensional Fund Advisors LP | 1% | 4,204,166 | $485,833,412 |
| 2024-06-30 | Capital World Investors | 1% | 4,116,146 | $475,661,821 |
| 2024-06-30 | Deutsche Bank Aktiengesellschaft | 1% | 3,923,723 | $453,425,420 |
| 2024-06-30 | Legal & General Group PLC | 1% | 3,899,276 | $450,600,325 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Iron Mountain.
