BlackRock New York Municipal Income Trust - BNY Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock New York Municipal Income Trust in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNY, but not buy additional shares or sell existing shares.
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1 Wall Street research analysts have issued 1-year target prices for BlackRock New York Municipal Income Trust's stock. Their BNY share price forecasts range from $74.00 to $74.00. On average, they expect the company's stock price to reach $74.00 in the next year. This suggests a possible upside of 656.6% from the stock's current price.
View analysts price targets for BNY or view top-rated stocks among Wall Street analysts.

BlackRock New York Municipal Income Trust's stock was trading at $14.78 on January 1st, 2022. Since then, BNY stock has decreased by 33.8% and is now trading at $9.78.
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BlackRock New York Municipal Income Trust saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 6,100 shares, a drop of 37.1% from the August 31st total of 9,700 shares. Based on an average daily volume of 48,500 shares, the days-to-cover ratio is currently 0.1 days.
View BlackRock New York Municipal Income Trust's Short Interest.

BlackRock New York Municipal Income Trust announced a monthly dividend on Thursday, September 1st. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.047 per share on Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for BNY.

BlackRock New York Municipal Income Trust (NYSE:BNY) pays an annual dividend of $0.53 per share and currently has a dividend yield of 0.05%.
Read our dividend analysis for BNY.

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock New York Municipal Income Trust investors own include Altria Group (MO), Franklin Resources (BEN), B&G Foods (BGS), Eastman Chemical (EMN), General Mills (GIS), Invesco (IVZ), MetLife (MET), ONEOK (OKE), Occidental Petroleum (OXY) and Pembina Pipeline (PBA).

BlackRock New York Municipal Income Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNY."

Shares of BNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BNY stock can currently be purchased for approximately $9.78.

BlackRock New York Municipal Income Trust's mailing address is 100 Bellevue Pkwy, WILMINGTON, DE 19809-3700, United States. The official website for the company is www.blackrock.com. The financial services provider can be reached via phone at (800) 882-0052.