What kind of REIT is IRM?
Iron Mountain Inc (NYSE:IRM) is an excellent high-growth real estate investment trust (REIT) that investors should keep on their radar in 2021. And not just because it provides a frothy annual dividend of 8.4% (with a trailing annual dividend of 8.42% and a five-year trailing dividend of 6.9%).
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.
Does Iron Mountain pay a dividend?
IRM pays a dividend of $2.47 per share. IRM’s annual dividend yield is 5.49%. Iron Mountain’s dividend is higher than the US REIT – Specialty industry average of 2.75%, and it is higher than the US market average of 3.35%.
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.
Is IRM a buy or sell?
A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80).
Momentum Scorecard. More Info.
|Zacks Rank||Definition||Annualized Return|
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.
Is Iron Mountain Inc A Good Investment?
The company offers decent fundamentals, attractive valuation and in my opinion, its growth opportunities outweigh its risks in the medium term. Therefore, I believe that Iron Mountain can beat the S&P 500, and offer over 10% total return with half coming from the dividend, and the second half from AFFO growth.
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.
What are the top 10 REITs?
The Top 10 REIT Stocks to Buy in 2021
- American Tower (NYSE: AMT) …
- Crown Castle International (NYSE: CCI) …
- Prologis (NYSE: PLD) …
- Equinix (NASDAQ: EQIX) …
- Physicians Realty Trust (NYSE: DOC) …
- AmeriCold Realty Trust (NYSE: COLD) …
- Innovative Industrial Properties (NYSE: IIPR) …
- Digital Realty Trust (NYSE: DLR)
What are the three basic types of REITs?
REITs fall into three broad categories divided by their investment holdings: equity, mortgage and hybrid REITs. Each category can further be divided into three types that speak to how the investment can be purchased: publicly traded REITs, public non-traded REITs and private REITs.