BTIG Upgrades TPG Mortgage Investment Trust to Buy
BTIG analyst Douglas Harter upgrades TPG Mortgage Investment Trust to Buy with a $9 price target, a 15.09% upside from the current price.
Key Points
- BTIG analyst Douglas Harter upgraded TPG Mortgage Investment Trust (NYSE:MITT) to a Buy with a $9 price target on June 17, 2026.
- BTIG's $9 price target implies 15.09% upside from TPG Mortgage Investment Trust, Inc.'s ($MITT) current $7.82 share price.
- Shares of MITT are trading around $7.94, with a market cap of approximately $250.6 million, a P/E ratio of 18.33, and a forward P/E of 6.28.
- Recent insider activity includes multiple purchases by company insiders in April 2026, and several analysts maintain a positive outlook on the stock.
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BTIG has upgraded its rating on TPG Mortgage Investment Trust, Inc. (NYSE:MITT) to a Buy, with a price target set at $9. This change was announced by BTIG analyst Douglas Harter on June 17, 2026. Shares of TPG Mortgage Investment Trust are currently trading around $7.94.
Other Institutional Activity in TPG Mortgage Investment Trust
Several institutional investors have also been active with TPG Mortgage Investment Trust. BlackRock, Inc. increased its holdings by 27,317 shares, bringing its total to 2,469,243 shares valued at about $18.05 million. Vanguard Capital Management LLC established a position with 1,259,583 shares worth approximately $9.21 million. Geode Capital Management, LLC added 79,144 shares, resulting in a total of 790,020 shares valued at $5.78 million. State Street Corp grew its stake by 38,343 shares to 614,431 shares, valued at $4.64 million. Prudential Financial Inc boosted its holdings significantly by 180,420 shares, totaling 423,397 shares worth $3.10 million.
TPG Mortgage Investment Trust, Inc. Stock Up 16.9%
Shares of TPG Mortgage Investment Trust (NYSE:MITT) are trading near $7.94. The company has a market cap of about $250.6 million, with a P/E ratio of 18.33 and a forward P/E of 6.28. The stock has experienced a 52-week low of $6.86 and a high of $9.27. Its 50-day moving average is $7.81, while the 200-day moving average is $7.94. The company has a beta of 1.685, a current ratio of 8.84, a quick ratio of 8.819, and a debt-to-equity ratio of 1413.786.
Recent Earnings
TPG Mortgage Investment Trust reported revenue of $73.82 million, though it faced a revenue decline of 78.1%. The company's net margin stands at 45.56%, with a return on equity of 6.18%. The next earnings report is expected on July 31, 2026.
Dividend
TPG Mortgage Investment Trust offers an annual dividend rate of $0.96, yielding 12.09%. The dividend payout ratio is 2.119.
Insider Buying and Selling at TPG Mortgage Investment Trust, Inc.
Recent insider transactions at TPG Mortgage Investment Trust include several purchases on April 29, 2026. Dianne Hurley, Debra Ann Hess, Christian Mitchell, and Matthew Jozoff each acquired 12,979 shares. Additionally, Debra Ann Hess bought another 3,819 shares, and Dianne Hurley acquired 2,777 shares on April 1, 2026.
Analysts Set New Price Targets
On June 17, 2026, BTIG upgraded the stock to a Buy with a $9 price target. Keefe, Bruyette & Woods maintained a Hold rating with an $8.5 target on May 1, 2026. Jones Trading maintained its Buy rating with a $9 target on February 17, 2026. The consensus among analysts is a Buy, with an average target price of $9.4 based on five opinions.
About TPG Mortgage Investment Trust
TPG Mortgage Investment Trust, Inc. is a real estate investment trust (REIT) focused on residential mortgage investments in the U.S. The company invests in non-agency loans, agency-eligible loans, home equity loans, and various mortgage-backed securities. Based in New York City, TPG Mortgage Investment Trust operates as a subsidiary of TPG Inc. and is headed by CEO Thomas J. Durkin.
Bottom Line
BTIG's upgrade to a Buy rating for TPG Mortgage Investment Trust reflects growing confidence in the company's potential. Investors often monitor analyst ratings to gauge market sentiment and potential stock performance. As with all 13F filings and analyst updates, these insights provide a snapshot of historical positions and opinions, which may not reflect the current market dynamics.
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