Iron Mountain
About: Iron Mountain Inc is a record management services provider. It is organized as a REIT. Majority of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business. It generates maximum revenue from Global RIM Business segment.
Employees: 28,850
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
1.31% more ownership
Funds ownership: 80.73% [Q4 2024] → 82.03% (+1.31%) [Q1 2025]
7% less funds holding
Funds holding: 1,045 [Q4 2024] → 972 (-73) [Q1 2025]
9% less funds holding in top 10
Funds holding in top 10: 11 [Q4 2024] → 10 (-1) [Q1 2025]
15% less repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 395
18% less capital invested
Capital invested by funds: $25.4B [Q4 2024] → $20.7B (-$4.66B) [Q1 2025]
24% less call options, than puts
Call options by funds: $151M | Put options by funds: $197M
38% less first-time investments, than exits
New positions opened: 88 | Existing positions closed: 142
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$121
23%
upside
Avg. target
$121
23%
upside
High target
$121
23%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Barclays Brendan Lynch | 23%upside $121 | Overweight Maintained | 27 May 2025 |
Financial journalist opinion
Based on 4 articles about IRM published over the past 30 days
Positive
Seeking Alpha
1 week ago
The Bulls Are Back
U.S. equity markets surged to fresh record-highs as investors cheered a confluence of positive headlines: a temporary ceasefire in the Middle East, productive trade talks, and progress on tax cuts. Oil prices tumbled after the U.S. destroyed a trio of Iranian nuclear facilities in a formidable and decisive show of force, eliciting a ceasefire between Israel and Iran. Traders priced in additional rate cuts as tumbling oil prices and economic data that remains devoid of meaningful inflation prompted dovish dissents from several Fed officials.
Neutral
Seeking Alpha
2 weeks ago
Iron Mountain: Generative AI May Pop The Bubble
IRM's valuation is unsustainably high, trading at a 100% premium to REIT peers despite core business risks. Growth is still driven by the paper storage segment, but I see secular decline risk as digital transformation and generative AI accelerate. Heavy debt-fueled investment in data centers hasn't yet shifted the business mix enough to justify the current premium.
Neutral
Zacks Investment Research
3 weeks ago
Iron Mountain Commences Project Work for US Department of Treasury
IRM starts the $140M Treasury digitization project and eyes a five-year federal contract with a broader scope and integration.
Neutral
Business Wire
3 weeks ago
Iron Mountain Provides Update on U.S. Government Digital Award
PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term.
Positive
Market Watch
1 month ago
20 stocks bucking bad trends on Wall Street — what might be next for them?
Analysts have been cutting their estimates for companies' sales and profits, but there are always exceptions to trends.
Positive
Zacks Investment Research
1 month ago
Iron Mountain Stock Rallies 22.5% in Three Months: Will This Continue?
IRM jumps 22.5% in 3 months as recurring revenues, data center growth and capital strategy boost momentum.
Positive
The Motley Fool
1 month ago
Why Iron Mountain Stock Rallied 10% in May
Shares of Iron Mountain (IRM 0.35%) jumped 10.1% in May, according to data provided by S&P Global Market Intelligence . A big catalyst was the real estate investment trust's (REIT) strong first-quarter results.
Positive
Seeking Alpha
1 month ago
REITs: The Riches Are In The Niches
REITs offer diversified, inflation-hedged income and capital appreciation, making them a compelling addition to any long-term investment portfolio. Current REIT valuations are attractive, with strong growth projected in sectors like data centers, industrial, net lease, and residential properties. I recommend focusing on quality REITs trading below historical multiples, emphasizing margin of safety and reliable dividend growth.
Positive
Zacks Investment Research
1 month ago
Key Reasons to Add Iron Mountain Stock to Your Portfolio Now
IRM is set to gain from healthy revenue management and volume trends in the storage business and focus on data centers. Strategic buyouts aid organic growth.
Positive
Seeking Alpha
2 months ago
Iron Mountain: Cheaply Priced Growth And Income Prospects - Maintain Buy
IRM's well diversified prospects as a physical and digital storage provider has paid off handsomely, as observed in its blended organic growth rate of +11% YoY. This is especially relevant since market leaders have already signaled the durability of the data center spending boom, with the segment remaining a top/bottom-line growth driver. This is significantly aided by the legacy Global RIM business, with an organic growth rate of +5.5% YoY and a weighted average lease expiration of 10.6 years.
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