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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackRock New York Municipal Income Trust in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research 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 analysts have issued 1-year price objectives for BlackRock New York Municipal Income Trust's shares. Their BNY share price forecasts range from $74.00 to $74.00. On average, they anticipate the company's share price to reach $74.00 in the next year. This suggests a possible upside of 530.9% from the stock's current price.
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BlackRock New York Municipal Income Trust's stock was trading at $14.78 at the start of the year. Since then, BNY shares have decreased by 20.6% and is now trading at $11.73.
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BlackRock New York Municipal Income Trust saw a increase in short interest in July. As of July 31st, there was short interest totaling 11,400 shares, an increase of 442.9% from the July 15th total of 2,100 shares. Based on an average daily trading volume, of 53,300 shares, the short-interest ratio is currently 0.2 days.
View BlackRock New York Municipal Income Trust's Short Interest.

BlackRock New York Municipal Income Trust declared a monthly dividend on Monday, August 1st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.047 per share on Thursday, September 1st. This represents a $0.56 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Friday, August 12th. This is an increase from the stock's previous monthly dividend of $0.05.
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."

BlackRock New York Municipal Income Trust's stock is owned by many different retail and institutional investors. Top institutional investors include Focused Wealth Management Inc (0.00%), Wells Fargo & Company MN (0.00%), Hennion & Walsh Asset Management Inc. (0.00%), UBS Group AG (0.00%), Wolverine Asset Management LLC (0.00%) and Cetera Advisor Networks LLC (0.00%).
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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 $11.73.

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.