(MITT) AG Mortgage Investment Trust - Overview
Stock: Residential Loans, Agency Securities, Non-Agency RMBS, Commercial Loans, CMBS
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 11.12% |
| Yield on Cost 5y | 13.58% |
| Yield CAGR 5y | 11.50% |
| Payout Consistency | 84.8% |
| Payout Ratio | 2.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.0% |
| Relative Tail Risk | -5.08% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.98 |
| Alpha | 21.09 |
| Character TTM | |
|---|---|
| Beta | 0.677 |
| Beta Downside | 0.778 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.77% |
| CAGR/Max DD | 0.89 |
Description: MITT AG Mortgage Investment Trust December 31, 2025
TPG Mortgage Investment Trust, Inc. (NYSE: MITT) is a U.S. residential mortgage REIT that holds a diversified portfolio of agency-eligible, non-agency, home-equity, re-performing and non-performing residential loans, as well as commercial loans and CMBS. The trust qualifies for REIT tax treatment, meaning it avoids corporate income tax provided it distributes at least 90 % of taxable earnings to shareholders. The entity was incorporated in 2011, rebranded from AG Mortgage Investment Trust in December 2025, and operates as a subsidiary of TPG Inc.
Key market metrics (as of the most recent quarterly filing, Q3 2024) show a dividend yield near 10 % and a net asset value (NAV) of roughly $10 per share, reflecting a modest premium to market price. The portfolio is weighted about 65 % toward agency-eligible securities (which tend to have lower credit risk but higher interest-rate sensitivity) and 35 % to non-agency assets, with an average loan-to-value ratio of 70 % and a weighted-average coupon of 4.5 %. The REIT’s performance is highly correlated with the U.S. Treasury curve; a 100-basis-point rise in 10-year yields typically depresses the NAV by 1-2 % due to higher discount rates on its fixed-income holdings.
Given the current environment of rising rates and tightening credit spreads, monitoring the REIT’s hedging strategy and the credit-quality mix of its non-agency assets is essential before forming a view on upside potential-consider digging deeper on ValueRay for a data-driven breakdown of these risk factors.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 49.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.09 > 1.0 |
| NWC/Revenue: -1053 % < 20% (prev -1051 %; Δ -2.78% < -1%) |
| CFO/TA 0.01 > 3% & CFO 56.5m > Net Income 49.7m |
| Net Debt (8.30b) to EBITDA (335.4m): 24.76 < 3 |
| Current Ratio: 0.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.1m) vs 12m ago 5.23% < -2% |
| Gross Margin: 68.13% > 18% (prev 0.74%; Δ 6739 % > 0.5%) |
| Asset Turnover: 0.94% > 50% (prev 0.99%; Δ -0.05% > 0%) |
| Interest Coverage Ratio: 0.35 > 6 (EBITDA TTM 335.4m / Interest Expense TTM 376.9m) |
Altman Z'' -0.71
| A: -0.09 (Total Current Assets 59.0m - Total Current Liabilities 844.9m) / Total Assets 8.98b |
| B: -0.06 (Retained Earnings -501.2m / Total Assets 8.98b) |
| C: 0.02 (EBIT TTM 130.7m / Avg Total Assets 7.97b) |
| D: -0.06 (Book Value of Equity -500.9m / Total Liabilities 8.42b) |
| Altman-Z'' Score: -0.71 = B |
What is the price of MITT shares?
Over the past week, the price has changed by -4.02%, over one month by -4.89%, over three months by +10.34% and over the past year by +32.35%.
Is MITT a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MITT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 9.4 | 12.4% |
| Analysts Target Price | 9.4 | 12.4% |
| ValueRay Target Price | 10 | 20.1% |
MITT Fundamental Data Overview February 03, 2026
P/E Forward = 7.1582
P/S = 3.1137
P/B = 0.839
P/EG = -6.53
Revenue TTM = 74.6m USD
EBIT TTM = 130.7m USD
EBITDA TTM = 335.4m USD
Long Term Debt = 8.36b USD (from longTermDebt, last quarter)
Short Term Debt = 838.2m USD (from shortTermDebt, last quarter)
Debt = 8.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.30b USD (from netDebt column, last quarter)
Enterprise Value = 8.58b USD (273.0m + Debt 8.36b - CCE 59.0m)
Interest Coverage Ratio = 0.35 (Ebit TTM 130.7m / Interest Expense TTM 376.9m)
EV/FCF = 151.7x (Enterprise Value 8.58b / FCF TTM 56.5m)
FCF Yield = 0.66% (FCF TTM 56.5m / Enterprise Value 8.58b)
FCF Margin = 75.79% (FCF TTM 56.5m / Revenue TTM 74.6m)
Net Margin = 66.57% (Net Income TTM 49.7m / Revenue TTM 74.6m)
Gross Margin = 68.13% ((Revenue TTM 74.6m - Cost of Revenue TTM 23.8m) / Revenue TTM)
Gross Margin QoQ = 64.96% (prev 51.63%)
Tobins Q-Ratio = 0.96 (Enterprise Value 8.58b / Total Assets 8.98b)
Interest Expense / Debt = 1.26% (Interest Expense 105.2m / Debt 8.36b)
Taxrate = 3.34% (689.0k / 20.6m)
NOPAT = 126.4m (EBIT 130.7m * (1 - 3.34%))
Current Ratio = 0.07 (Total Current Assets 59.0m / Total Current Liabilities 844.9m)
Debt / Equity = 14.94 (Debt 8.36b / totalStockholderEquity, last quarter 559.8m)
Debt / EBITDA = 24.76 (Net Debt 8.30b / EBITDA 335.4m)
Debt / FCF = 146.8 (Net Debt 8.30b / FCF TTM 56.5m)
Total Stockholder Equity = 545.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 49.7m / Total Assets 8.98b)
RoE = 9.10% (Net Income TTM 49.7m / Total Stockholder Equity 545.9m)
RoCE = 1.47% (EBIT 130.7m / Capital Employed (Equity 545.9m + L.T.Debt 8.36b))
RoIC = 1.71% (NOPAT 126.4m / Invested Capital 7.40b)
WACC = 1.44% (E(273.0m)/V(8.64b) * Re(8.41%) + D(8.36b)/V(8.64b) * Rd(1.26%) * (1-Tc(0.03)))
Discount Rate = 8.41% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 16.61%
[DCF Debug] Terminal Value 87.62% ; FCFF base≈54.0m ; Y1≈62.1m ; Y5≈87.0m
Fair Price DCF = N/A (negative equity: EV 2.56b - Net Debt 8.30b = -5.75b; debt exceeds intrinsic value)
EPS Correlation: 50.08 | EPS CAGR: 10.92% | SUE: -1.02 | # QB: 0
Revenue Correlation: 29.34 | Revenue CAGR: -3.49% | SUE: 0.85 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.25 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=1.08 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+25.9% | Growth Revenue=+15.6%