BlackRock LT Municipal Advantage Trust (BTA) Receiving Positive News Coverage, Analysis Finds

Headlines about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have trended positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock LT Municipal Advantage Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 43.5004823137143 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) traded down $0.09 during trading on Friday, reaching $11.95. 35,558 shares of the company’s stock traded hands, compared to its average volume of 34,581. BlackRock LT Municipal Advantage Trust has a one year low of $11.07 and a one year high of $12.54.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 12th will be paid a $0.0545 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.65 annualized dividend and a yield of 5.47%.

A number of analysts recently weighed in on BTA shares. Numis Securities restated a “buy” rating and set a GBX 390 ($5.25) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Credit Suisse Group restated a “neutral” rating and set a GBX 320 ($4.31) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Goldman Sachs Group restated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Citigroup lowered shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and cut their target price for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a research note on Monday, October 9th. Finally, Macquarie upped their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 355 ($4.78) to GBX 380 ($5.11) and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $344.33.

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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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