Dividend-News

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Iron Mountain Moving Into Data Centers - The 8% Yield Looks Solid

Published Thu, 04 Jul 2019 06:45:00 -0400 on Seeking Alpha

We are always on the lookout for great ideas and I'd be the first to admit, sometimes those ideas come from other people. In this case, I read an article by Trapping Value in early May asking "Iron Mountain: Why the Sell-off." It put IRM on my radar but my first thought was:
The store documents, that's a dying business and its a matter of time before they shut their doors.
But I decided to look into it myself and was pleasantly surprised. What I found was a company leveraging its strengths and transforming its business model to better reflect the growing trends in the digital era.
It's not the first time my first impression was changed. I became cautious on Apartment REITs in early 2017 but then turned bullish again in late November of 2017 due to muted homebuying trends and rental rates that continued to climb. It has been a great ride so far, and my previous article I reiterate my favorable outlook on Apartment REITs, particularly the Class B and C properties.
The point is, in investing, you have the ability to change your mind about an investment, and it just might work out well. Thanks to Trapping Value for bring IRM to my attention.
There is one category of REITs that is always hard to evaluate because it contains companies that own a variety of different property types. For example, Innovative Industrial Properties (IIPR) owns facilities where cannabis is grown. We bought this stock in January 2018 and downgraded it to Reduce on June 10th, 2019 after a... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
GEO GROUP 18.35   14.1 1.30 1.92 10.56
GAMING AND LEISURE PROPERTIES 38.48   24.7 1.56 2.72 7.02
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
OUTFRONT MEDIA 27.33   24.4 1.12 1.44 5.59

GEO GROUP - GEO
GEO GROUP - GEO  


Older articles featuring Geo Group (GEO):
50 Top U.S. REITs By Gains And Yield Per September 13 Broker Targets
Your 50 Top U.S. REITs By Gains And Yield Per July 22 Broker Targets
Dividend Challenger Highlights: Week Of July 21
Dividend Challenger Highlights: Week Of July 14
The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share
Top REITs For July Are Colony By Gains And Orchid Island By Yield Per Wall Street Estimates
May's 50 Top Proven Dividend Winners By Yield And Net Gains
2 High-Dividend REITs Yielding Over 8%, With Higher Guidance, No K-1s
The GEO Group Declares Quarterly Cash Dividend of $0.48 Per Share
Rose Portfolio March Madness Upward Soaring Dividends Of 32.9% Y/Y And Q1 Report

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