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BlackRock New York Municipal Income Trust (BNY)
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Upturn Advisory Summary
01/09/2026: BNY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 8.77% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/09/2026 |
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 |
Upturn AI SWOT
BlackRock New York Municipal Income Trust
Company Overview
History and Background
BlackRock New York Municipal Income Trust (NYM) is a closed-end investment company. It was incorporated on September 24, 1987. The trust's primary objective is to provide current income exempt from federal income tax and, where applicable, from New York State and local income taxes.
Core Business Areas
- Municipal Bond Investments: The trust invests primarily in a diversified portfolio of municipal bonds issued by states, municipalities, and their agencies. These bonds are selected to provide tax-exempt income.
Leadership and Structure
The Trust is managed by BlackRock Advisors, LLC, an indirect subsidiary of BlackRock, Inc. Information on the specific leadership team (Chairman, CEO, etc.) for NYM itself is typically available in its SEC filings, but the management is overseen by BlackRock's broader investment leadership.
Top Products and Market Share
Key Offerings
- Product Name 1: BlackRock New York Municipal Income Trust (NYM) - Closed-End Fund focused on New York Municipal Bonds. Market share data for specific closed-end funds is difficult to quantify in a traditional sense as they represent a pool of assets rather than a product with direct consumer market share. Competitors are other closed-end municipal bond funds, open-end municipal bond funds, and individual municipal bonds. BlackRock competes with many other asset managers offering similar municipal bond investment vehicles.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rate movements, credit quality of issuers, and tax policy changes. The demand for tax-exempt income, particularly for high-net-worth individuals in high-tax states like New York, remains a significant driver.
Positioning
As a closed-end fund managed by BlackRock, a major asset manager, NYM benefits from brand recognition and extensive research capabilities. Its focus on New York municipal bonds targets a specific investor base seeking tax advantages within that state. Its competitive advantage lies in its diversified portfolio and professional management.
Total Addressable Market (TAM)
The TAM for municipal bonds is substantial, encompassing trillions of dollars in outstanding debt. BlackRock New York Municipal Income Trust, by focusing on New York municipal bonds, targets a segment of this market. Its positioning is as a provider of diversified access to this income stream for its target investors.
Upturn SWOT Analysis
Strengths
- Experienced management team from BlackRock.
- Focus on New York municipal bonds, catering to a specific investor need.
- Diversified portfolio to mitigate individual issuer risk.
- Potential for consistent income generation exempt from federal and state taxes.
Weaknesses
- Closed-end fund structure can lead to trading at a premium or discount to Net Asset Value (NAV).
- Interest rate sensitivity, as bond prices generally fall when rates rise.
- Limited liquidity compared to open-end funds.
- Reliance on the creditworthiness of municipal issuers.
Opportunities
- Potential for rising interest rates to increase yields on newly issued bonds.
- Investor demand for tax-efficient income strategies.
- Opportunities to invest in higher-yielding, albeit potentially riskier, municipal bonds.
- Favorable tax policies that enhance the attractiveness of municipal bonds.
Threats
- Rising interest rates could decrease the value of existing bond holdings.
- Deterioration of credit quality among municipal issuers.
- Changes in federal or state tax laws that reduce the tax advantages of municipal bonds.
- Increased competition from other investment vehicles offering similar tax benefits.
Competitors and Market Share
Key Competitors
- Nuveen New York Municipal Value Fund (NUV)
- Oppenheimer Rochester High Yield Municipal Fund (ORHYX)
- PIMCO New York Municipal Income Fund (PMVPX)
- Invesco New York AMT-Free Tax-Exempt Fund (VKMVX)
Competitive Landscape
NYM competes with other closed-end funds and open-end funds focused on New York municipal bonds. Its advantages include BlackRock's reputation and management expertise. Disadvantages could include its trading discount/premium to NAV and potentially less aggressive yield-seeking strategies compared to some high-yield focused competitors.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund like NYM is primarily measured by the growth of its Net Asset Value (NAV) and its ability to consistently generate and distribute income. Historical trends would need to be analyzed from its inception or over relevant periods.
Future Projections: Future projections for NYM are tied to the performance of the municipal bond market, interest rate expectations, and the credit quality of its holdings. Analyst estimates would focus on projected income generation and NAV performance.
Recent Initiatives: Initiatives would likely revolve around portfolio management strategies to enhance yield, manage duration, or adapt to market conditions. These are typically internal management decisions rather than external growth initiatives.
Summary
BlackRock New York Municipal Income Trust (NYM) is a well-established closed-end fund focused on New York municipal bonds, managed by BlackRock. It offers tax-exempt income but is subject to interest rate risk and potential trading discounts to NAV. Its strengths lie in its experienced management and specific market focus, while threats include rising interest rates and changes in tax policy. Continued strong performance of the municipal bond market and its ability to manage interest rate sensitivity will be key to its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock Investor Relations
- SEC Filings (e.g., 10-K, 10-Q, Prospectus)
- Financial Data Providers (e.g., Bloomberg, Refinitiv, Yahoo Finance)
Disclaimers:
This JSON output is based on publicly available information and general knowledge of the investment fund industry. It is not investment advice. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. Market share data for closed-end funds is an estimation based on assets under management within a specific segment and may not be exhaustive.
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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