BlackRock LT Municipal Advantage Trust (BTA) Receives Media Sentiment Rating of 0.13
News headlines about BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 0.13 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 47.219637380702 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at $12.00 on Wednesday. BlackRock LT Municipal Advantage Trust has a twelve month low of $10.73 and a twelve month high of $12.54.
The firm also recently disclosed a dividend, which will be paid on Monday, February 5th. Stockholders of record on Thursday, December 28th will be given a $4.85 dividend. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 28th.
Several equities research analysts have weighed in on the company. Deutsche Bank AG reissued a “sell” rating and issued a GBX 265 ($3.49) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, November 1st. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 320 ($4.21) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, September 15th. Macquarie lifted their target price on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 450 ($5.92) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 390 ($5.13) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $344.33.
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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