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BlackRock New York Municipal Income Trust (BNY)
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Upturn Advisory Summary
11/04/2025: 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 4.09% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/04/2025 |
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 (BFY) was founded to seek high current income, exempt from federal and New York State and City income taxes, consistent with the preservation of capital. It achieves this by investing primarily in municipal bonds issued by New York State and its municipalities.
Core Business Areas
- Closed-End Fund Management: BFY operates as a closed-end fund, meaning it raises capital through an initial public offering (IPO) and then trades on exchanges like a stock. The fund's portfolio is actively managed by BlackRock.
- Municipal Bond Investments: The primary focus is investing in a diversified portfolio of municipal bonds issued by New York State and its political subdivisions. These bonds provide income that is generally exempt from federal, New York State, and New York City income taxes.
Leadership and Structure
BlackRock Fund Advisors serves as the investment advisor. Specific portfolio managers change over time, but they are typically seasoned professionals within BlackRock's municipal bond investment team. The fund is governed by a Board of Trustees.
Top Products and Market Share
Key Offerings
- Tax-Exempt Municipal Bond Portfolio: BFY provides investors with a diversified portfolio of New York municipal bonds, offering tax-exempt income. Market share data is difficult to pinpoint exactly, but it competes within the broader closed-end municipal bond fund market. Competitors are other closed-end municipal bond funds, and individual municipal bond investments. Accurate market share for BFY specifically is unavailable.
Market Dynamics
Industry Overview
The municipal bond market is influenced by factors like interest rates, tax laws, and the financial health of state and local governments. Demand for tax-exempt income typically increases during periods of higher tax rates.
Positioning
BFY is positioned as a convenient way for New York residents to access a diversified portfolio of New York municipal bonds and receive tax-exempt income. Its competitive advantage lies in BlackRock's expertise in managing fixed-income investments.
Total Addressable Market (TAM)
The total US municipal bond market is very large (trillions of dollars). BFY's focus on New York municipal bonds makes its TAM smaller, but still substantial, representing the total value of outstanding New York municipal debt. BFY is positioned to capture a share of investor demand for tax-exempt income from New York sources.
Upturn SWOT Analysis
Strengths
- Tax-exempt income for New York residents
- Diversified portfolio of New York municipal bonds
- Managed by BlackRock, a large and reputable asset manager
- Closed-end fund structure allows for active management
Weaknesses
- Subject to interest rate risk
- Concentrated geographically in New York
- Management fees reduce returns
- Potential for market price to deviate from NAV
Opportunities
- Rising tax rates could increase demand for tax-exempt investments
- Increased infrastructure spending in New York could lead to more bond issuance
- BlackRock's expertise can be leveraged to enhance performance
- Potential to attract investors seeking ESG-focused municipal bonds
Threats
- Rising interest rates could decrease bond values
- Changes in tax laws could reduce the attractiveness of municipal bonds
- Financial difficulties of New York municipalities could lead to defaults
- Competition from other tax-advantaged investments
Competitors and Market Share
Key Competitors
- NUV (Nuveen Municipal Value Fund, Inc.)
- VFL (MuniYield Florida Fund)
- NVG (Nuveen AMT-Free Municipal Credit Income Fund)
Competitive Landscape
BFY's advantage lies in the BlackRock brand and expertise. Its disadvantages include geographic concentration and potential for market price volatility. Competitors may offer lower expense ratios or different investment strategies.
Growth Trajectory and Initiatives
Historical Growth: Growth is generally limited in closed-end funds. Performance depends on the underlying portfolio and market conditions, not on increasing the size of the fund.
Future Projections: Future projections are based on analyst estimates of municipal bond market performance and BlackRock's ability to generate tax-exempt income.
Recent Initiatives: Recent initiatives may involve adjusting the portfolio's composition to respond to changes in interest rates or tax laws. No specific initiatives are publicly available.
Summary
BlackRock New York Municipal Income Trust is a relatively stable fund, offering consistent tax-exempt income for New York residents. It benefits from BlackRock's management expertise but is vulnerable to interest rate risk and changes in tax laws. Diversification solely within New York municipal bonds offers both focused benefit and regional concentration risks. The trust must continually monitor its portfolio to optimize returns in the face of changing financial and regulatory conditions.
Similar Stocks
Sources and Disclaimers
Data Sources:
- BlackRock website
- Financial data providers (e.g., Bloomberg, Yahoo Finance)
- SEC filings
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market data is subject to change. Consult a financial professional before making investment decisions.
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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