TPG Mortgage Investment Trust Inc (MITT) Stock
TPG Mortgage Investment Trust Inc (MITT) operates as a U.S.-based real estate investment trust (REIT) primarily concentrated on residential mortgages. Its diverse portfolio includes various residential assets such as non-conforming mortgage loans, non-owner occupied loans backed by government-sponsored entities, both re-performing and non-performing loans, land development financing, and agency residential mortgage-backed securities.
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About TPG Mortgage Investment Trust Inc
TPG Mortgage Investment Trust Inc (MITT) operates as a U.S.-based real estate investment trust (REIT) primarily concentrated on residential mortgages. Its diverse portfolio includes various residential assets such as non-conforming mortgage loans, non-owner occupied loans backed by government-sponsored entities, both re-performing and non-performing loans, land development financing, and agency residential mortgage-backed securities. The company also maintains a portion of its investments in commercial properties. MITT is structured as a REIT for federal income tax purposes, which typically allows it to bypass federal corporate income taxes if it disperses at least 90% of its taxable earnings to its shareholders. The firm was established in 2011 and is headquartered in New York City.
TPG Mortgage Investment Trust Inc is headquartered in US.
TPG Mortgage Investment Trust Inc (MITT) stock trades at $7.75 with a market capitalization of $246.46M. The stock is valued at a price-to-earnings (P/E) ratio of 19.20, price-to-book of 0.45, price-to-sales of 0.52. Over the past 52 weeks the stock has ranged between $6.86 and $9.27, and currently trades 16.4% below its 52-week high. It pays a dividend yielding 12.39%.
On profitability, TPG Mortgage Investment Trust Inc generates a return on equity (ROE) of 6.11%, return on capital employed of 4.77%, an operating margin of 74.64%, a net profit margin of 7.12%.
Official website: www.mitt.tpg.com