company background image
BNY

BlackRock New York Municipal Income TrustNYSE:BNY Stock Report

Last Price

US$14.62

Market Cap

US$359.9m

7D

-1.5%

1Y

2.0%

Updated

16 Jan, 2022

Data

Company Financials
BNY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends3/6

BNY Stock Overview

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock New York Municipal Income Trust
Historical stock prices
Current Share PriceUS$14.62
52 Week HighUS$16.50
52 Week LowUS$14.30
Beta0.12
1 Month Change-1.22%
3 Month Change-2.86%
1 Year Change2.02%
3 Year Change16.96%
5 Year Change4.21%
Change since IPO-2.60%

Recent News & Updates

May 07

BlackRock New York Municipal Income Trust declares $0.056 dividend

BlackRock New York Municipal Income Trust (BNY) declares $0.056/share quarterly dividend, in line with previous.Forward yield 1.51%Payable June 1; for shareholders of record May 14; ex-div May 13.See BNY Dividend Scorecard, Yield Chart, & Dividend Growth.

Feb 04

BlackRock New York Municipal Income Trust declares $0.0565 dividend

BlackRock New York Municipal Income Trust (BNY) declares $0.0565/share monthly dividend, in line with previous.Forward yield 4.46%Payable March 1; for shareholders of record Feb. 16; ex-div Feb. 12.See BNY Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

BlackRock New York Municipal Income Trust declares $0.0565 dividend

BlackRock New York Municipal Income Trust (BNY) declares $0.0565/share monthly dividend, in line with previous.Forward yield 4.66%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See BNY Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 04

BlackRock New York Municipal Income Trust declares $0.0565 dividend

BlackRock New York Municipal Income Trust (BNY) declares $0.0565/share monthly dividend, in line with previous.Forward yield 4.74%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See BNY Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 03

BlackRock New York Municipal Income Trust declares $0.0565 dividend

BlackRock New York Municipal Income Trust (BNY) declares $0.0565/share monthly dividend, in line with previous.Forward yield 4.9%Payable Dec. 1; for shareholders of record Nov. 16; ex-div Nov. 13.See BNY Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

BNYUS Capital MarketsUS Market
7D-1.5%-1.6%-0.5%
1Y2.0%30.2%13.7%

Return vs Industry: BNY underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: BNY underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is BNY's price volatile compared to industry and market?
BNY volatility
BNY Average Weekly Movement1.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BNY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: BNY's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/an/ahttps://www.blackrock.com/investing/products/240237/blackrock-new-york-municipal-income-trust-usd-fund

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 Fundamentals Summary

How do BlackRock New York Municipal Income Trust's earnings and revenue compare to its market cap?
BNY fundamental statistics
Market CapUS$359.86m
Earnings (TTM)US$17.38m
Revenue (TTM)US$15.16m

20.7x

P/E Ratio

23.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BNY income statement (TTM)
RevenueUS$15.16m
Cost of RevenueUS$0
Gross ProfitUS$15.16m
Expenses-US$2.22m
EarningsUS$17.38m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.71
Gross Margin100.00%
Net Profit Margin114.63%
Debt/Equity Ratio66.8%

How did BNY perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

94%

Payout Ratio

Valuation

Is BlackRock New York Municipal Income Trust undervalued compared to its fair value and its price relative to the market?

20.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNY ($14.62) is trading above our estimate of fair value ($6.83)

Significantly Below Fair Value: BNY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNY is poor value based on its PE Ratio (20.7x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: BNY is poor value based on its PE Ratio (20.7x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNY is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is BlackRock New York Municipal Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BlackRock New York Municipal Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has BlackRock New York Municipal Income Trust performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNY has a large one-off gain of $6.9M impacting its July 31 2021 financial results.

Growing Profit Margin: BNY's current net profit margins are higher than last year (58.5%).


Past Earnings Growth Analysis

Earnings Trend: BNY's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: BNY's earnings growth over the past year (138.7%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: BNY earnings growth over the past year (138.7%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: BNY's Return on Equity (4.6%) is considered low.

Financial Health

How is BlackRock New York Municipal Income Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BNY's short term assets ($6.7M) do not cover its short term liabilities ($74.4M).

Long Term Liabilities: BNY's short term assets ($6.7M) do not cover its long term liabilities ($179.4M).


Debt to Equity History and Analysis

Debt Level: BNY's net debt to equity ratio (66.8%) is considered high.

Reducing Debt: BNY's debt to equity ratio has increased from 61.2% to 66.8% over the past 5 years.

Debt Coverage: BNY's debt is not well covered by operating cash flow (8%).

Interest Coverage: BNY's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet

Dividend

What is BlackRock New York Municipal Income Trust current dividend yield, its reliability and sustainability?

4.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BNY's dividend (4.64%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BNY's dividend (4.64%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: BNY's dividends per share have been stable in the past 10 years.

Growing Dividend: BNY's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.2%), BNY's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

15.0yrs

Average board tenure


CEO

BlackRock New York Municipal Income Trust has no CEO, or we have no data on them.


Board Members

Experienced Board: BNY's board of directors are seasoned and experienced ( 15 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 89.7%.


Top Shareholders

Company Information

BlackRock New York Municipal Income Trust's employee growth, exchange listings and data sources


Key Information


Location

  • BlackRock New York Municipal Income Trust
  • 100 Bellevue Parkway
  • Wilmington
  • Delaware
  • 19809
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:04
End of Day Share Price2022/01/14 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.