Media headlines about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a news impact score of 0.11 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.3518736993086 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
BTA has been the subject of a number of research reports. Numis Securities Ltd restated a “buy” rating and set a GBX 390 ($5.15) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, August 7th. J P Morgan Chase & Co decreased their price objective on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.35) to GBX 290 ($3.83) and set a “neutral” rating for the company in a research report on Wednesday, July 5th. Credit Suisse Group restated a “neutral” rating and set a GBX 320 ($4.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, September 13th. Finally, Citigroup Inc. lowered BlackRock LT Municipal Advantage Trust to a “neutral” rating and decreased their price objective for the stock from GBX 360 ($4.75) to GBX 310 ($4.09) in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $355.00.
Shares of BlackRock LT Municipal Advantage Trust (BTA) traded down 0.58% on Friday, hitting $11.93. The company had a trading volume of 35,466 shares. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.73 and a 12-month high of $12.54. The firm has a 50 day moving average of $12.28 and a 200-day moving average of $11.99.
The business also recently declared a monthly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a dividend of $0.0545 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.65 annualized dividend and a yield of 5.48%.
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About BlackRock LT Municipal Advantage Trust
BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).
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