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Stock Market & Financial Investment News

News Breaks
November 20, 2012
16:45 EDTIRMIron Mountain to issue 17M shares of common in connection with special dividend
Iron Mountain announced that it will issue 17.04M new shares of its common stock in connection with the payment of the company's previously announced special dividend of $700M, or approximately $4.06 per share. The Special Dividend represents a significant part of the distribution that would eventually be required should the company successfully convert to a real estate investment trust, or REIT. The Special Dividend is payable on November 21 to stockholders of record as of the close of business on October 22.
News For IRM From The Last 14 Days
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July 18, 2014
10:03 EDTIRMOn The Fly: Analyst Downgrade Summary
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08:42 EDTIRMIron Mountain downgraded at RW Baird
As previously reported, Baird downgraded Iron Mountain to Neutral from Outperform. The firm expects the REIT conversion will require significant capital commitments due to the high dividend, which will leave little capital for larger growth investments. Additionally, the analyst believe equity dilution risk is not fully appreciated. Price target lowered to $39 from $40.
06:11 EDTIRMIron Mountain downgraded to Neutral from Outperform at RW Baird
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July 14, 2014
08:07 EDTIRMIron Mountain management to meet with JPMorgan
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