Is IRM A REIT?

by Ahmed AliLast updated on January 30, 2024Finance and Business4 min read
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Real estate stocks, especially real estate investment trusts (REITs), are known for their above-average dividends.

What kind of REIT is IRM?

Real estate stocks, especially real estate investment trusts (REITs), are known for their above-average dividends. The Vanguard S&P 500 ETF (NYSE: VOO) has a dividend yield of just 1.3% as of Sept.

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%.

What type of corporation is a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors . These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Is Iron Mountain Inc A Good investment?

Valuation metrics show that Iron Mountain Incorporated may be undervalued. Its Value Score of B indicates it would be a good pick for value investors . The financial health and growth prospects of IRM, demonstrate its potential to outperform the market. It currently has a Growth Score of C.

What dividend does IRM pay?

IRM pays a dividend of $2.47 per share . IRM’s annual dividend yield is 5.56%.

Which stock has the highest dividend?

Company Dividend yield AT&T (T) 6.93% T Rowe Price (TROW) 6.15% ExxonMobil (XOM) 5.80% Chevron (CVX) 5.05%

Are REITs a good investment in 2021?

The REIT sector has achieved gains in every month of 2021 thus far, including a +1.77% average total return in May. Micro cap REITs (+12.2%) rebounded in May after a couple of rough months to significantly outperform their larger peers.

What are the top 10 REITs?

  1. American Tower (NYSE: AMT) ...
  2. Crown Castle International (NYSE: CCI) ...
  3. Prologis (NYSE: PLD) ...
  4. Equinix (NASDAQ: EQIX) ...
  5. Physicians Realty Trust (NYSE: DOC) ...
  6. AmeriCold Realty Trust (NYSE: COLD) ...
  7. Innovative Industrial Properties (NYSE: IIPR) ...
  8. Digital Realty Trust (NYSE: DLR)

How much do REITs pay out?

For context, consider that the average dividend yield paid by stocks in the S&P 500 is 1.9%. In contrast, the average equity REIT (which owns properties) pays about 5% . The average mortgage REIT (which owns mortgage-backed securities and related assets) pays around 10.6%.

Is IRM a buy or sell?

The Goldman Sachs Group is very positive about IRM and gave it a “Buy” rating on May 13, 2021. The price target was changed from $38.00 to $43.00.

Is Iron Mountain a buy or sell?

Iron Mountain has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 2 buy ratings, no hold ratings, and 1 sell rating .

Is IRM overvalued?

In summary, the stock of Iron Mountain (NYSE:IRM, 30-year Financials) appears to be significantly overvalued . The company’s financial condition is poor and its profitability is fair. Its growth ranks better than 77% of the companies in REITs industry.

What months does IRM pay dividends?

  • Sep 13, 2021. $0.62. Quarterly. ― ...
  • Jun 13, 2021. $0.62. Quarterly. May 05, 2021. ...
  • Mar 11, 2021. $0.62. Quarterly. Feb 21, 2021. ...
  • Dec 13, 2020. $0.62. Quarterly. Nov 02, 2020. ...
  • Sep 13, 2020. $0.62. Quarterly. Aug 03, 2020. ...
  • Jun 11, 2020. $0.62. Quarterly. May 05, 2020. ...
  • Mar 12, 2020. $0.62. Quarterly. ...
  • Dec 12, 2019. $0.62. Quarterly.

Does nly pay monthly dividends?

Summary Previous dividend Next dividend Declaration date 09 Jun 2021 (Wed) 09 Sep 2021 (Thu) Ex-div date 29 Jun 2021 (Tue) 29 Sep 2021 (Wed)

Does Oke pay a dividend?

OKE pays a dividend of $3.74 per share . OKE’s annual dividend yield is 6.82%. Oneok’s dividend is lower than the US Oil & Gas Midstream industry average of 7%, and it is higher than the US market average of 3.37%.

Ahmed Ali
Author

Ahmed is a finance and business writer covering personal finance, investing, entrepreneurship, and career development.

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