Is Iron Mountain a REIT?

The company that has been securely storing documents for most of the Fortune 1000 companies has expanded into data centers to also store their digital information.

Is Iron Mountain a REIT stock?

While Iron Mountain is a REIT, it’s not easy to pigeonhole what it does. It’s neither an industrial REIT nor a data center REIT; it’s somewhere in between. Its operations include records management, data management, digital solutions, and secure shredding.

Is Iron Mountain dividend safe?

Iron Mountain Dividends per Share. … And, in terms of the payout ratio, its dividend safety score isn’t as good as it was before. However, assuming analysts are right about Iron Mountain delivering 15 percent growth in 2021, its payout ratio could improve to 75 percent.

What qualifies as a REIT?

What is a REIT? … To qualify as a REIT, a company must have the bulk of its assets and income connected to real estate investment and must distribute at least 90 percent of its taxable income to shareholders annually in the form of dividends.

Is IRM stock a REIT?

About Iron Mountain Incorporated

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services.

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Is IRM a buy or sell?

For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.

Momentum Scorecard. More Info.

Zacks Rank Definition Annualized Return
1 Strong Buy 25.60%
2 Buy 19.21%
3 Hold 10.85%
4 Sell 6.62%

Is Iron Mountain a safe investment?

At its core, Iron Mountain (NYSE: IRM) is a secure storage company, with operations in both physical and digital spaces. Historically, storage has been a fairly reliable business, but the future here is going to cost a lot of money to build.

How long has Iron Mountain paid a dividend?

Iron Mountain pays an annual dividend of $2.47 per share, with a dividend yield of 5.66%.

Iron Mountain (NYSE:IRM) Dividend Information.

IRM Most Recent Dividend 7/6/2021
IRM Dividend Track Record 1 Years of Consecutive Dividend Growth

Is IRM a good dividend stock?

(NYSE: MO), IRM is one of the best dividend stocks to buy. Iron Mountain Incorporated (NYSE: IRM)’s reported revenue for the first quarter of 2021 was $1.08 billion compared to $1.07 billion in same quarter of the previous year which shows an increase of 1.2%.

Why REITs are a bad investment?

Drawbacks to Investing in a REIT. The biggest pitfall with REITs is they don’t offer much capital appreciation. That’s because REITs must pay 90% of their taxable income back to investors which significantly reduces their ability to invest back into properties to raise their value or to purchase new holdings.

Are REITs a good investment in 2021?

REITs stand alone as the last place for investors to get a decent yield and demographics favor more yield seeking behavior. … If one is selective about which REITs they buy, a much higher dividend yield can be achieved and indeed higher yielding REITs have significantly outperformed in 2021.

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What are the three basic types of REITs?

There are three types of REITs; equity, mortgage, and hybrid.

  • Equity REITs operate and manage income-producing property. …
  • Mortgage REITs lend money to property owners and operate like a mortgage. …
  • Hybrid REITs diversify their portfolio by investing in both equity REITs and mortgage REITs.
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