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BlackRock Floating Rate Income Trust

BGT•NYSE
Financial Services
Asset Management - Income
$12.55
$0.04(0.32%)

BlackRock Floating Rate Income Trust (BGT) Stock Overview

Explore BlackRock Floating Rate Income Trust’s financial performance, market position, analyst ratings, and future outlook.

Meyka AI Score

B+

Score: 74.7/100

Key Financials

Market Cap338M
P/E Ratio12.77
EPS (TTM)$1.12
ROE0.08%
Fundamental Analysis

AI Price Forecasts

1 Week$12.35
1 Month$12.19
3 Months$12.06
1 Year Target$14.06

BGT Stock Analysis & Investment Overview

Our comprehensive AI-powered analysis of BlackRock Floating Rate Income Trust (BGT) provides investors with deep insights into the stock's performance, growth potential, and market positioning. With a Meyka AI Score of B+, this stock demonstrates moderate investment characteristics based on our advanced machine learning models.

The current technical analysis reveals key indicators including an RSI of 54.55, suggesting the stock is in a neutral condition. Our forecasting models predict significant price movements, with a 12-month target of $14.06.

Key financial metrics showcase the company's fundamental strength, including a P/E ratio of 12.77 and a market capitalization of 338M. These metrics, combined with our AI analysis, provide a comprehensive view for both institutional and retail investors.

Technical Indicators

54.55RSI (14)
0.06MACD
25.70ADX
Stats data is not available for BGTStats details for BGT are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.
Analyst Recommendations data is not available for BGTAnalyst Recommendations details for BGT are currently unavailable. We're actively monitoring for updates and will publish them as soon as they’re released. Please check back again shortly.

Company Profile

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.

CEO

Charles Choon Sik Park

Headquarters

55 East 52nd Street, New York City, NY

Founded

2004

Frequently Asked Questions

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