BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Given Average Rating of “Moderate Buy” by Analysts

Shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 205 ($2.51).

A number of brokerages have weighed in on BTA. Barclays reiterated an “overweight” rating and set a GBX 240 ($2.94) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, May 24th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 255 ($3.12) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Monday, May 9th. Morgan Stanley restated an “overweight” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 140 ($1.71) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Wednesday, June 1st. Finally, Berenberg Bank restated a “buy” rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research note on Wednesday.

The business also recently declared a dividend, which will be paid on Monday, September 12th. Stockholders of record on Thursday, August 4th will be paid a dividend of GBX 5.39 ($0.07) per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a dividend yield of 3.03%. This is a positive change from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31.

BlackRock Long-Term Municipal Advantage Trust’s Company Profile (Get Rating)

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) 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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