With 1.17 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.75 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $119.4 whereas the lowest price it dropped to was $116.71. The 52-week range on IRM shows that it touched its highest point at $120.54 and its lowest point at $56.51 during that stretch. It currently has a 1-year price target of $105.00. With its current market cap of 34.41 billion, IRM has annualized dividend of $2.67 while the current yield stands at 2.27%. Beta for the stock currently stands at 1.02.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IRM was up-trending over the past week, with a rise of 2.79%, but this was up by 2.15% over a month. Three-month performance surged to 31.50% while six-month performance rose 46.38%. The stock gained 95.91% in the past year, while it has gained 67.63% so far this year. A look at the trailing 12-month EPS for IRM yields 0.78 with Next year EPS estimates of 2.12. For the next quarter, that number is 0.48. This implies an EPS growth rate of 4.38% for this year and 11.48% for next year. EPS is expected to grow by 4.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.68%.
Float and Shares Shorts:
At present, 292.14 million IRM shares are outstanding with a float of 291.18 million shares on hand for trading. On 2024-09-13, short shares totaled 11.36 million, which was 386.99999999999994 higher than short shares on 1723680000. In addition to Mr. William L. Meaney BSc, MEng, MSIA as the firm’s President, CEO & Director, Mr. Barry A. Hytinen serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.86056 of IRM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, IRM reported revenue of $1534409000.0 and operating income of $289099000.0. The EBITDA in the recently reported quarter was $521023000.0 and diluted EPS was $0.12.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IRM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
