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Upturn AI SWOT - About
BlackRock New York Municipal Income Trust (BNY)
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Upturn Advisory Summary
04/22/2025: BNY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $
1 Year Target Price $
| 0 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 0.01% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/22/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 231.52M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.66 | 52 Weeks Range 9.40 - 10.61 | Updated Date 06/29/2025 |
52 Weeks Range 9.40 - 10.61 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.38% | Basic EPS (TTM) - |
Earnings Date
Report Date 2025-06-17 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin 0.11% | Operating Margin (TTM) 82.72% |
Management Effectiveness
Return on Assets (TTM) 2.23% | Return on Equity (TTM) 0.01% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 397627456 | Price to Sales(TTM) 11.44 |
Enterprise Value 397627456 | Price to Sales(TTM) 11.44 | ||
Enterprise Value to Revenue 264.76 | Enterprise Value to EBITDA - | Shares Outstanding 24117100 | Shares Floating - |
Shares Outstanding 24117100 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 25.11 |
Analyst Ratings
Rating 3 | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
BlackRock New York Municipal Income Trust
Company Overview
History and Background
BlackRock New York Municipal Income Trust (BNY) was founded to provide current income exempt from federal and New York State income taxes consistent with the preservation of capital. It primarily invests in municipal bonds issued by New York State or local governments.
Core Business Areas
- Municipal Bond Investments: Invests primarily in a portfolio of long-term municipal bonds exempt from federal and New York State income taxes. Generates income for shareholders through the interest received on these bonds.
Leadership and Structure
The fund is managed by BlackRock Advisors, LLC. The portfolio management team oversees investment decisions and portfolio construction within the guidelines of the fund's investment objective.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: A portfolio consisting of New York State municipal bonds designed to provide tax-exempt income to shareholders. Market share data is not directly attributable as it is an individual closed-end fund within the broader municipal bond market. Competitors include other municipal bond funds and ETFs, such as those from Nuveen and Invesco.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit ratings of issuers, and tax policies. Demand for municipal bonds is driven by investors seeking tax-exempt income.
Positioning
BNY is positioned as a specialized closed-end fund focused on New York municipal bonds. Its advantage lies in its expertise and focus on this specific market segment.
Total Addressable Market (TAM)
The total municipal bond market is in the trillions of dollars. BNY is positioned to capture a portion of this TAM by focusing on New York municipal bonds and providing tax-exempt income to its shareholders. Due to its state specific focus, the TAM specific to New York bonds is smaller, but BNY holds a portion of that.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Experienced management team (BlackRock)
- Diversified portfolio of New York municipal bonds
Weaknesses
- Concentration risk in New York municipal bonds
- Sensitivity to interest rate changes
- Closed-end fund structure can trade at a discount to NAV
Opportunities
- Increasing demand for tax-exempt income
- Potential for capital appreciation as interest rates decline
- Expansion of the fund's investment mandate
Threats
- Rising interest rates
- Deterioration of credit quality of New York municipal bonds
- Changes in tax laws
Competitors and Market Share
Key Competitors
- NUVEN
- INVESCO
- EATON VANCE
Competitive Landscape
BNY competes with other municipal bond funds and ETFs for investor capital. Its focus on New York municipal bonds differentiates it from funds with broader geographic mandates.
Growth Trajectory and Initiatives
Historical Growth: Growth is dependent on the performance of the New York municipal bond market and the fund's ability to generate tax-exempt income.
Future Projections: Future growth is tied to interest rate expectations, New York's economic conditions, and investor demand for tax-advantaged investments. Analyst estimates are based on fixed income market expectations.
Recent Initiatives: Initiatives focus on actively managing the bond portfolio to maximize income and manage risk within the New York municipal bond market.
Summary
BlackRock New York Municipal Income Trust offers consistent tax-exempt income for New York residents. The fund's strength lies in BlackRock's management and its focus on New York bonds. Its weakness is the New York market concentration, while rising rates pose a threat. Future performance depends on the New York bond market's health and adept portfolio management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BlackRock Website
- SEC Filings
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a financial advisor. Market share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BlackRock New York Municipal Income Trust
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2001-07-27 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes. BlackRock New York Municipal Income Trust was formed on July 26, 2001 and is domiciled in United States.
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