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Pioneer Municipal High Income Trust (MHI)



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Upturn Advisory Summary
03/13/2025: MHI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -0.23% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 209.95M USD | Price to earnings Ratio 4.44 | 1Y Target Price - |
Price to earnings Ratio 4.44 | 1Y Target Price - | ||
Volume (30-day avg) 40074 | Beta 0.7 | 52 Weeks Range 8.10 - 9.60 | Updated Date 04/1/2025 |
52 Weeks Range 8.10 - 9.60 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 4.57% | Basic EPS (TTM) 2.07 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 279.99% | Operating Margin (TTM) 84.39% |
Management Effectiveness
Return on Assets (TTM) 3.03% | Return on Equity (TTM) 22.38% |
Valuation
Trailing PE 4.44 | Forward PE - | Enterprise Value 259442256 | Price to Sales(TTM) 12.49 |
Enterprise Value 259442256 | Price to Sales(TTM) 12.49 | ||
Enterprise Value to Revenue 4.38 | Enterprise Value to EBITDA - | Shares Outstanding 22771300 | Shares Floating - |
Shares Outstanding 22771300 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 65.62 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Pioneer Municipal High Income Trust
Company Overview
History and Background
Pioneer Municipal High Income Trust is a closed-end investment company. It was formed to provide investors with a high level of current income exempt from federal income tax, to the extent consistent with prudent investment management.
Core Business Areas
- Investment Management: Manages a portfolio of municipal securities, aiming for high current income exempt from federal income tax. The trust invests primarily in a diversified portfolio of municipal bonds.
Leadership and Structure
The Trust is managed by Amundi Asset Management US, Inc. The portfolio managers and investment team are experienced in municipal bond investing.
Top Products and Market Share
Key Offerings
- Municipal Bond Portfolio: The primary offering is a diversified portfolio of municipal bonds. The market share is difficult to determine as it varies with asset value and investment strategy in the high yield municipal bond market. Competitors include other closed-end municipal bond funds such as BlackRock, Nuveen and Eaton Vance.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, tax policies, credit ratings, and economic conditions. Demand for tax-exempt income drives the market.
Positioning
Pioneer Municipal High Income Trust is positioned as a high-income municipal bond fund focusing on providing tax-exempt income. Its competitive advantage lies in its investment expertise and active management.
Total Addressable Market (TAM)
The TAM for municipal bonds is in the trillions. Pioneer Municipal High Income Trust captures a small portion of this TAM through its investment portfolio.
Upturn SWOT Analysis
Strengths
- Experienced management team
- High current income
- Tax-exempt income
- Diversified municipal bond portfolio
Weaknesses
- Interest rate risk
- Credit risk of municipal bonds
- Market volatility
- Closed-end fund structure (potential for trading at a discount to NAV)
Opportunities
- Rising interest rates (potentially increasing income)
- Increased demand for tax-exempt income
- Active management to capitalize on market inefficiencies
- Strategic allocation to undervalued municipal bonds
Threats
- Economic downturn impacting municipal finances
- Changes in tax laws reducing the attractiveness of municipal bonds
- Increased competition from other municipal bond funds
- Rising interest rates decreasing bond values
Competitors and Market Share
Key Competitors
- BlackRock (BLK)
- Nuveen (JQC)
- Eaton Vance (EHT)
Competitive Landscape
Pioneer Municipal High Income Trust faces competition from other closed-end municipal bond funds. Its performance depends on investment selection and management effectiveness.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth depends on portfolio performance and asset growth.
Future Projections: Future projections depend on market conditions and management strategy. Analyst reports should be consulted.
Recent Initiatives: Recent initiatives would be reported in financial reports and press releases.
Summary
Pioneer Municipal High Income Trust is a closed-end fund aiming to provide tax-exempt income through municipal bonds. The fund's performance relies on its management team's skill in navigating the municipal bond market. Potential interest rate hikes and economic downturns pose threats. A strength is its focus on delivering tax-advantaged income.
Similar Companies
- BLK
- JQC
- EHT
- VFL
Sources and Disclaimers
Data Sources:
- Company website
- Financial news outlets
- SEC filings
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pioneer Municipal High Income Trust
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 2003-07-18 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - |
Pioneer Municipal High Income Fund, Inc. is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index and Barclays High Yield Municipal Bond Index. Pioneer Municipal High Income Fund, Inc. was formed on March 13, 2003 and is domiciled in the United States.
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