| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
BNY Stock Overview
BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.62 |
| 52 Week High | US$16.50 |
| 52 Week Low | US$14.30 |
| Beta | 0.12 |
| 1 Month Change | -1.22% |
| 3 Month Change | -2.86% |
| 1 Year Change | 2.02% |
| 3 Year Change | 16.96% |
| 5 Year Change | 4.21% |
| Change since IPO | -2.60% |
Recent News & Updates
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.
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.
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.
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.
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
| BNY | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.5% | -1.6% | -0.5% |
| 1Y | 2.0% | 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
| BNY volatility | |
|---|---|
| BNY Average Weekly Movement | 1.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | n/a | https://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
| BNY fundamental statistics | |
|---|---|
| Market Cap | US$359.86m |
| Earnings (TTM) | US$17.38m |
| Revenue (TTM) | US$15.16m |
20.7x
P/E Ratio23.7x
P/S RatioIs BNY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BNY income statement (TTM) | |
|---|---|
| Revenue | US$15.16m |
| Cost of Revenue | US$0 |
| Gross Profit | US$15.16m |
| Expenses | -US$2.22m |
| Earnings | US$17.38m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.71 |
| Gross Margin | 100.00% |
| Net Profit Margin | 114.63% |
| Debt/Equity Ratio | 66.8% |
How did BNY perform over the long term?
See historical performance and comparisonDividends
4.6%
Current Dividend Yield94%
Payout RatioValuation
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
- Name: BlackRock New York Municipal Income Trust
- Ticker: BNY
- Exchange: NYSE
- Founded: 2001
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$359.862m
- Shares outstanding: 24.61m
- Website: https://www.blackrock.com/investing/products/240237/blackrock-new-york-municipal-income-trust-usd-fund
Location
- BlackRock New York Municipal Income Trust
- 100 Bellevue Parkway
- Wilmington
- Delaware
- 19809
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:04 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/07/31 |
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.