TPG Mortgage Investment Trust (MITT)
Acquires and securitizes newly originated non-agency residential mortgage loans in the United States.
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Acquires newly originated non-agency residential mortgage loans from Arc Home and third-party originators, then securitizes them into longer-term financing. Loans and Securities and Arc Home are its reportable segments, linking mortgage-credit investing with an affiliated origination platform.
Acquires newly originated, primarily non-agency residential mortgage loans in the United States through Arc Home and third-party originators. It initially finances purchases with warehouse facilities or repurchase agreements and seeks to replace that funding with longer-term, non-recourse, non-mark-to-market securitization financing.
Its Loans and Securities segment holds the mortgage investments, while Arc Home provides a vertically integrated loan-origination channel and is separately reported as a segment. In securitizations, senior bond classes are generally sold to third parties while MITT retains subordinated, excess-cash-flow and required risk-retention positions.
Execution depends on access to loans from the manager and originators, warehouse or repo funding before securitization, securitization-market access, and Arc Home's ability to fund non-agency loans through warehouse facilities.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 2, 2026 | Piper Sandler | Reiterate | Rating: —Target: $10 | Target: $9.50 |
| Jun 17, 2026 | BTIG | Upgrade | Target: — | Target: $9 |
| Jan 22, 2026 | Credit Suisse | Target | Target: — | Target: $9.25 |
| Dec 22, 2025 | Piper Sandler | Reiterate | Rating: —Target: $8.50 | Target: $10 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $61.6M · Total debt $7.34B · Total assets $7.94B · Shareholders' equity $546.0M
- Revenue
- $122.5M
- Operating income
- $113.5M
- Net income
- $14.3M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 38.75% | 12.32M shares | |
|---|---|---|---|
| 119 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.12% | 672.7K shares | |
| 8 holders · as of Apr 30, 2026 | |||
| Other | ≈ 59.13% | 18.81M shares | |
| remainder | |||
31.80M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.23% | 2.62M | as of Jun 30, 2026 |
The Vanguard GroupInstitution | 4.83% | 1.53M | filed Feb 13, 2024 |
Vanguard Capital Management LLCInstitution | 4.14% | 1.32M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.52% | 802,209 | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 2.19% | 695,474 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TPG Mortgage Investment Trust | $6.44 | +0.23% | $204.2M | 8.7 | 5.7 | 0.4 | +43.8% |
| PennyMac Mortgage Investment Trust | $9.02 | +1.58% | $774.4M | 6.2 | 7.1 | 0.5 | +1,323.8% |
| Redwood Trust | $4.10 | +1.48% | $507.5M | — | 4.3 | 0.4 | +68.5% |
| Rithm Capital | $9.66 | +1.15% | $5.33B | 15.9 | 4.3 | 0.9 | +205.4% |
| MFA Financial | $8.56 | +1.24% | $862.7M | 7.0 | 6.7 | 1.1 | −4.4% |
| Chimera Investment | $11.13 | +0.95% | $921.8M | — | 6.0 | 1.4 | −64.4% |
| Median | 7.0 | 6.0 | 0.9 | +68.5% |