Barclays Analyst Bullish on Iron Mountain Incorporated (IRM)

IRM -4.08% GRFS -0.68%

Iron Mountain Incorporated (NYSE:IRM) is one of the best dividend stocks in the real estate sector. On November 20, Brendan Lynch from Barclays kept a Buy rating on Iron Mountain, along with a target price of $123.

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Independent of the analyst action, a Reuters report dated November 19 revealed that the short-selling hedge fund duo, Gotham City Research and General Industrial Partners, has taken a short position in Iron Mountain. The pair, Daniel Yu and Cyrus de Weck, said Iron Mountain is investing in data centers at a level that is beyond its available long-term capital. Yu and de Weck are famous for their research work on SES Imagotag, which is now Vusion Group and Grifols, the Barcelona-based healthcare company.

Iron Mountain Incorporated (NYSE:IRM) is a specialty REIT that helps its clients manage both physical and digital assets, offering services for information management, digital transformation, security, and data centers.

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