News headlines about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been trending somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.7812100787329 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up $0.11 during mid-day trading on Thursday, reaching $12.18. The company had a trading volume of 47,200 shares, compared to its average volume of 38,735. BlackRock LT Municipal Advantage Trust has a twelve month low of $11.00 and a twelve month high of $12.54.
The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 12th will be paid a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Monday, December 11th.
Several equities research analysts recently weighed in on BTA shares. Macquarie lifted their price target on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.58) to GBX 355 ($4.78) and gave the stock an “outperform” rating in a research report on Wednesday, September 6th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 320 ($4.31) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, September 15th. Citigroup downgraded BlackRock LT Municipal Advantage Trust to a “neutral” rating and dropped their price target for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a research report on Monday, October 9th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, September 13th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 450 ($6.06) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $344.33.
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BlackRock LT Municipal Advantage Trust Company Profile
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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