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BlackRock New York Municipal Income Trust (BNY)
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Upturn Advisory Summary
12/09/2025: 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 5.99% | Avg. Invested days 48 | 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 12/09/2025 |
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 |
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 fund managed by BlackRock, Inc. It was established to provide investors with a portfolio of tax-exempt municipal bonds issued by New York State and its municipalities. The fund aims to generate current income that is exempt from federal, and in some cases, New York State and local income taxes. Specific founding dates and significant historical milestones for this particular trust are not readily available in a consolidated public format, as it operates as a fund within BlackRock's broader asset management framework.
Core Business Areas
- Municipal Bond Investing: The trust's primary business is investing in a diversified portfolio of municipal bonds. These bonds are issued by state and local governments and their agencies to finance public projects such as infrastructure, education, and healthcare. The objective is to generate tax-exempt income for shareholders.
- Portfolio Management: BlackRock provides professional management of the trust's assets, including credit research, security selection, and risk management to optimize income generation and capital preservation within the municipal bond market.
Leadership and Structure
BlackRock New York Municipal Income Trust is managed by a team of portfolio managers at BlackRock, Inc. The fund operates as a closed-end investment company, governed by a board of trustees. The ultimate oversight rests with BlackRock, Inc., a global investment management corporation.
Top Products and Market Share
Key Offerings
- Product Name 1: BlackRock New York Municipal Income Trust (NYM) - Closed-End Fund. This product offers investors exposure to a portfolio of New York municipal bonds, aiming for tax-exempt income. Market share data for individual closed-end funds is not typically reported in the same way as for publicly traded companies. Competitors include other closed-end municipal bond funds focused on New York or broader municipal bond markets, as well as open-end municipal bond ETFs and mutual funds.
Market Dynamics
Industry Overview
The municipal bond market is a significant segment of the fixed-income landscape, influenced by interest rate movements, economic conditions, and the creditworthiness of state and local governments. The demand for tax-exempt income is a key driver, particularly for investors in higher tax brackets. The performance of municipal bonds can be affected by factors like state and local budget health, infrastructure needs, and legislative changes impacting taxation.
Positioning
BlackRock New York Municipal Income Trust is positioned as a specialized investment vehicle for investors seeking tax-efficient income from New York-specific municipal debt. Its strength lies in BlackRock's extensive research capabilities and established presence in the fixed-income market. However, as a closed-end fund, its market price can trade at a premium or discount to its net asset value (NAV).
Total Addressable Market (TAM)
The total addressable market for municipal bonds is substantial, representing hundreds of billions of dollars in outstanding debt. BlackRock New York Municipal Income Trust targets a specific segment of this market u2013 New York municipal bonds u2013 aiming to capture a portion of investor demand for tax-exempt income within that geography. Its position is as one of many offerings within the broader municipal bond fund universe.
Upturn SWOT Analysis
Strengths
- Professional management by BlackRock, a leading global asset manager.
- Focus on tax-exempt income, attractive to high-income earners in New York.
- Diversified portfolio of New York municipal bonds can mitigate individual issuer risk.
- Access to BlackRock's extensive research and trading infrastructure.
Weaknesses
- Closed-end structure can lead to trading at a premium or discount to NAV.
- Sensitivity to interest rate fluctuations, common to all bond funds.
- Concentration risk related to New York state and local economies and policies.
- Relatively niche product compared to broader market funds.
Opportunities
- Potential for increased demand for tax-exempt income due to changes in tax laws.
- Opportunities to invest in high-quality municipal bonds at attractive yields during market dislocations.
- Growth in infrastructure spending at state and local levels could lead to new bond issuances.
- Leveraging BlackRock's global distribution network.
Threats
- Rising interest rates could decrease the value of existing bond holdings.
- Deterioration of credit quality of New York state or municipal issuers.
- Changes in federal tax policy that reduce the attractiveness of tax-exempt bonds.
- Increased competition from other municipal bond funds and investment vehicles.
Competitors and Market Share
Key Competitors
- Nuveen New York Municipal Value Fund (NNY)
- VanEck New York Municipal Index ETF (VNYE)
- Invesco Municipal Opportunity Trust (VOT)
- PIMCO New York Municipal Income Fund (PNY)
Competitive Landscape
BlackRock's advantage lies in its scale, brand recognition, and deep expertise in fixed income. However, competitors like Nuveen and PIMCO are also well-established in the municipal bond space and may have different management strategies or fee structures that appeal to certain investors. ETF competitors offer different liquidity and trading characteristics. The landscape is competitive, with differentiation often coming from yield, management quality, and fee transparency.
Growth Trajectory and Initiatives
Historical Growth: Growth for a closed-end fund is not typically measured by revenue or profit growth but rather by the growth in its Net Asset Value (NAV) and its ability to maintain or increase dividend distributions. Performance is tracked against benchmarks like the S&P Municipal Bond Index or specific New York municipal bond indices.
Future Projections: Future projections for a fund like NYM are speculative and depend heavily on interest rate forecasts, the health of the New York municipal market, and investor demand for tax-exempt income. Analyst projections would typically focus on expected NAV performance and dividend sustainability.
Recent Initiatives: BlackRock periodically reviews its fund offerings. Initiatives might include portfolio adjustments based on market outlook, efforts to manage expenses, or changes to distribution policies. Specific recent initiatives for NYM would be detailed in its shareholder reports.
Summary
BlackRock New York Municipal Income Trust is a specialized investment vehicle focused on New York municipal bonds, aiming to provide tax-exempt income. Its strength lies in BlackRock's management expertise and brand, while its primary challenge is navigating interest rate sensitivity and the potential for its market price to deviate from its Net Asset Value. The fund operates in a competitive market but benefits from ongoing demand for tax-advantaged income. Investors should monitor interest rate trends and the credit health of New York municipal issuers.
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)
- Municipal Market Data Analysis Sites
Disclaimers:
This JSON output is for informational purposes only and does not constitute investment advice. Financial data and market share are estimates and subject to change. Past performance is not indicative of future results. Investors should conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Data on individual closed-end fund market share can be difficult to ascertain definitively and may be based on assets under management or fund size relative to peers.
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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