The Most Important Facts About BlackRock New York Municipal Income Trust

By Chris Stiles • Tuesday, July 07 16:00 • Permanent Link

BlackRock New York Municipal Income Trust logged a 1.9% change during today's afternoon session, and is now trading at a price of $152.88 per share. The S&P 500 index moved -1.0%. BNY's trading volume is 2,445,407 compared to the stock's average volume of 3,902,383.

BlackRock New York Municipal Income Trust trades 1.92% away from its average analyst target price of $150.0 per share. The 13 analysts following the stock have set target prices ranging from $120.0 to $167.0, and on average have given BlackRock New York Municipal Income Trust a rating of buy.

If you are considering an investment in BNY, you'll want to know the following:

BlackRock New York Municipal Income Trust has moved 61.8% over the last year, and the S&P 500 logged a change of 21.1%
Based on its trailing earnings per share of 8.05, BlackRock New York Municipal Income Trust has a trailing 12 month Price to Earnings (P/E) ratio of 19.0 while the S&P 500 average is None
BNY has a forward P/E ratio of 15.5 based on its forward 12 month price to earnings (EPS) of $9.83 per share
The company has a price to earnings growth (PEG) ratio of 1.63 — a number near or below 1 signifying that BlackRock New York Municipal Income Trust is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 2.66 compared to its sector average of None
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally.
Based in New York, the company has 47,200 full time employees and a market cap of $104.93 Billion. BlackRock New York Municipal Income Trust currently returns an annual dividend yield of 1.4%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.