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Iron Mountain Incorporated (NYSE:IRM) is a global leader in information management services, providing a range of offerings including digital transformation, data centers, secure records storage, information management, asset life cycle management, secure destruction and art storage and logistics.

It is set to report its Q4 2024 earnings on Feb. 20, 2025. Wall Street analysts expect the company to post an EPS of $0.56, up from $0.52 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.57 billion, up from $1.42 billion in the previous year.

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If You Bought Iron Mountain Stock 10 Years Ago

The company's stock traded at approximately $38.92 per share 10 years ago. If you had invested $10,000, you could have purchased roughly 257 shares. Currently, shares trade at $121.59, meaning your investment's value could have grown to $31,241 from stock price appreciation alone. However, Iron Mountain also paid dividends during this period. 

Iron Mountain's dividend yield is currently 2.35%. Over the last 10 years, it has paid about $23.52 in dividends per share, which means you could have earned $6,043 from dividends alone. 

Summing up $31,241 and $6,043, we end up with the final value of your investment, which is $37,284. This is how much you could have made if you had invested $10,000 in Iron Mountain stock 10 years ago. This means a total return of 272.84%. In comparison, S&P 500 total return for the same period is 231.47%.

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What Could The Next 10 Years Bring? 

Iron Mountain has a consensus rating of "Overweight" and a price target of $101.78 based on the ratings of nine analysts. The price target implies over 16% potential downside from the current stock price.

On Nov. 6, the company announced its Q3 2024 earnings, posting an FFO of $1.13, compared to the consensus estimate of $0.81 and revenues of $1.56 billion, compared to the consensus of $1.55 billion, as reported by Benzinga.

“We are pleased to report a very strong third quarter and continued strong momentum in the second half 2024, resulting in all-time record Revenue, Adjusted EBITDA and AFFO,” said William L. Meaney, President and CEO of Iron Mountain. “Our team is making outstanding progress toward our accelerated growth objectives. Our Project Matterhorn operating model continues to drive our business to greater heights by providing new and enhanced solutions for our customers.”

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Iron Mountain affirmed its full-year 2024 guidance, expecting revenues of $6 – $6.15 billion and an AFFO per share of $4.39 – $4.51.

Given the expected downside potential, growth-focused investors may not find Iron Mountain stock attractive. Conversely, the stock can be a good option for income-focused investors who benefit from the company's solid dividend yield of 2.35%.

Check out this article by Benzinga for three more stocks offering high dividend yields.

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Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, this one has a minimum investment of only $100. 

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This article If You Invested $10,000 In Iron Mountain Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com