BNY Company Profile and Key Details

BlackRock New York Municipal Income Trust (NYSE:BNY) closed at $10.20 USD, gaining $0.02 (0.21%) from the previous close of $10.18. The stock is currently within 5% of its 52-week high $9.30 and $10.67. With a market capitalization of about $245.99 million, BlackRock New York Municipal Income Trust is classified as a micro-cap and shows lower-than-market volatility (beta ~0.70). Key stats such as the average daily volume over the past year has been around 71.45 thousand shares, in line with its 52-week average. Headquartered in New York City, NY, BlackRock New York Municipal Income Trust operates in the Financial Services sector and the Asset Management - Income industry. 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.

Short-term trend indicators are bearishly aligned (SMA20 0.22%, SMA50 0.41%, SMA200 3.04%). The stock’s 14-day RSI is 54.61 (neutral), while the ATR of 0.1 points to tighter daily ranges. The stock remains hovering near 52-week lows, trading -4.12% below its high and over 10.0% above its low. Average 10-day trading volume of 68.35 thousand shares is in line with the 3-month average of 69.85 thousand, indicating normal recent market interest.

BlackRock New York Municipal Income Trust last paid a dividend of 0.61 per share, this equals a trailing yield of roughly 5.88%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $2.52. This means the shares are trading above this model’s fair value.

BlackRock New York Municipal Income Trust trades at a P/E ratio of -10.49, slightly below the S&P 500 average, with a price-to-sales ratio of 13.54 and a price-to-book ratio of 0.98 suggesting the stock is closer to book value. The P/FCF stands at 14.7, also below market averages.

Our AI price prediction model suggests that BlackRock New York Municipal Income Trust stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term.

currently trading near 52-week highs band. Valuation shows BlackRock New York Municipal Income Trust trading at a premium to the broader market with a P/E of -10.49.