Press coverage about BlackRock LT Municipal Advantage Trust (NYSE:BTA) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.0570449742307 out of 100, meaning that recent press 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 several recent analyst reports. Numis Securities reaffirmed a “buy” rating and set a GBX 390 ($5.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Macquarie upped their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.55) to GBX 355 ($4.75) and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 320 ($4.29) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, September 15th. Finally, Citigroup downgraded shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and lowered their price objective for the company from GBX 360 ($4.82) to GBX 310 ($4.15) in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $344.33.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up $0.08 during mid-day trading on Friday, reaching $11.97. 31,583 shares of the company were exchanged, compared to its average volume of 38,754. BlackRock LT Municipal Advantage Trust has a 12 month low of $10.76 and a 12 month high of $12.54.

The business also recently declared a dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, December 28th will be paid a $4.85 dividend. This represents a yield of 1.96%. The ex-dividend date is Thursday, December 28th.

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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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