About BlackRock LT Municipal Advantage Trust (NYSE:BTA)
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). The Trust invests primarily in long-term municipal bonds with a maturity of more than 10 years at the time of investment. The Trust's municipal bond portfolio will have a dollar-weighted average maturity of more than 10 years. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors, LLC is the investment manager of the Trust.
Industry, Sector and Symbol:
- Trailing EPS: $0.04
- Net Margins: -45.66%
- Return on Equity: -3.37%
- Return on Assets: -2.00%
- Outstanding Shares: 13,420,000
Frequently Asked Questions for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
What is BlackRock LT Municipal Advantage Trust's stock symbol?
BlackRock LT Municipal Advantage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BTA."
How often does BlackRock LT Municipal Advantage Trust pay dividends? What is the dividend yield for BlackRock LT Municipal Advantage Trust?
BlackRock LT Municipal Advantage Trust declared a dividend on Thursday, November 2nd. Investors of record on Thursday, December 28th will be given a dividend of $4.85 per share on Monday, February 5th. This represents a yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 28th. The official announcement can be accessed at this link. View BlackRock LT Municipal Advantage Trust's Dividend History.
Where is BlackRock LT Municipal Advantage Trust's stock going? Where will BlackRock LT Municipal Advantage Trust's stock price be in 2017?
13 analysts have issued 12-month price targets for BlackRock LT Municipal Advantage Trust's stock. Their predictions range from $260.00 to $490.00. On average, they anticipate BlackRock LT Municipal Advantage Trust's share price to reach $343.85 in the next year. View Analyst Ratings for BlackRock LT Municipal Advantage Trust.
Who are some of BlackRock LT Municipal Advantage Trust's key competitors?
Some companies that are related to BlackRock LT Municipal Advantage Trust include Medley Capital Corporation (MCC), TICC Capital Corp. (TICC), THL Credit (TCRD), Solar Senior Capital (SUNS), WhiteHorse Finance (WHF), Gladstone Capital Corporation (GLAD), Fifth Street Senior Floating Rate Corp. (OCSI), TriplePoint Venture Growth BDC Corp. (TPVG), Oxford Lane Capital Corp. (OXLC), Invesco Bond Fund (VBF), Center Coast MLP & Infrastructure Fund (CEN), Stellus Capital Investment Corporation (SCM), Invesco California Value Municipal Income Trust (VCV), Kayne Anderson Energy Development (KED), OFS Capital Corporation (OFS), GSV Capital Corp (GSVC), StoneCastle Financial Corp (BANX) and Horizon Technology Finance Corporation (HRZN).
Who are BlackRock LT Municipal Advantage Trust's key executives?
BlackRock LT Municipal Advantage Trust's management team includes the folowing people:
- Richard E. Cavanagh, Independent Chairman of the Board of Trustees (Age 71)
- John M. Perlowski, President, Chief Executive Officer (Age 53)
- Karen P. Robards, Independent Vice Chairman of the Board of Trustees (Age 67)
- Neal J. Andrews, Chief Financial Officer (Age 51)
- Charles C. S. Park, Chief Compliance Officer, Anti-Money Laundering Officer (Age 50)
- Robert W. Crothers, Vice President (Age 36)
- Brendan Kyne, Vice President (Age 40)
- Jay M. Fife, Treasurer (Age 47)
- Janey Ahn, Secretary (Age 42)
- Paul L. Audet, Independent Trustee (Age 64)
Who owns BlackRock LT Municipal Advantage Trust stock?
BlackRock LT Municipal Advantage Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sit Investment Associates Inc. (0.00%), Advisors Asset Management Inc. (3.10%), Wells Fargo & Company MN (1.22%), First Trust Advisors LP (0.00%), Mackay Shields LLC (0.00%) and Oppenheimer & Co. Inc. (0.09%). Company insiders that own BlackRock LT Municipal Advantage Trust stock include Jerrold B Harris, Michael Perilli and Peter Hayes. View Institutional Ownership Trends for BlackRock LT Municipal Advantage Trust.
Who sold BlackRock LT Municipal Advantage Trust stock? Who is selling BlackRock LT Municipal Advantage Trust stock?
Who bought BlackRock LT Municipal Advantage Trust stock? Who is buying BlackRock LT Municipal Advantage Trust stock?
BlackRock LT Municipal Advantage Trust's stock was acquired by a variety of institutional investors in the last quarter, including Cambridge Investment Research Advisors Inc. and First Trust Advisors LP. Company insiders that have bought BlackRock LT Municipal Advantage Trust stock in the last two years include Jerrold B Harris, Michael Perilli and Peter Hayes. View Insider Buying and Selling for BlackRock LT Municipal Advantage Trust.
How do I buy BlackRock LT Municipal Advantage Trust stock?
Shares of BlackRock LT Municipal Advantage Trust can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BlackRock LT Municipal Advantage Trust's stock price today?
One share of BlackRock LT Municipal Advantage Trust stock can currently be purchased for approximately $12.05.
How big of a company is BlackRock LT Municipal Advantage Trust?
BlackRock LT Municipal Advantage Trust has a market capitalization of $161.74 million.
How can I contact BlackRock LT Municipal Advantage Trust?
BlackRock LT Municipal Advantage Trust's mailing address is 100 Bellevue Pkwy, WILMINGTON, DE 19809-3700, United States. The financial services provider can be reached via phone at +1-800-8820052.
MarketBeat Community Rating for BlackRock LT Municipal Advantage Trust (NYSE BTA)MarketBeat's community ratings are surveys of what our community members think about BlackRock LT Municipal Advantage Trust and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for BlackRock LT Municipal Advantage Trust (NYSE:BTA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 6 Hold Ratings, 5 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.23)|
|Consensus Price Target: ||$343.85 (2,753.50% upside)|
Consensus Price Target History for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
Analysts' Ratings History for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/7/2017||Macquarie||Boost Price Target||Outperform||GBX 355 -> GBX 380||N/A|
|11/7/2017||Credit Suisse Group||Lower Price Target||Neutral||GBX 320 -> GBX 280||N/A|
|11/2/2017||Numis Securities Ltd||Reiterated Rating||Buy||GBX 390||N/A|
|11/1/2017||Deutsche Bank AG||Reiterated Rating||Sell||GBX 265||N/A|
|10/13/2017||Barclays PLC||Reiterated Rating||Overweight||GBX 450||N/A|
|10/9/2017||Citigroup Inc.||Downgrade||Neutral||GBX 360 -> GBX 310||N/A|
|9/13/2017||The Goldman Sachs Group, Inc.||Reiterated Rating||Neutral||Low|
|7/5/2017||J P Morgan Chase & Co||Lower Price Target||Neutral||GBX 330 -> GBX 290||Low|
|6/12/2017||Berenberg Bank||Lower Price Target||Hold||GBX 343 -> GBX 325||Low|
|5/31/2017||Jefferies Group LLC||Lower Price Target||Hold||GBX 325 -> GBX 280||Low|
|5/25/2017||BNP Paribas||Downgrade||Underperform||GBX 260||Low|
|5/12/2017||Royal Bank Of Canada||Lower Price Target||Outperform||GBX 425 -> GBX 410||Low|
|1/11/2017||Morgan Stanley||Reiterated Rating||Overweight||GBX 490||N/A|
|11/2/2016||Societe Generale||Reiterated Rating||Buy||GBX 500||N/A|
|5/5/2016||Bank of America Corporation||Reiterated Rating||Overweight||N/A|
|2/2/2016||Nomura||Reiterated Rating||Neutral||GBX 525||N/A|
Earnings History for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
No earnings estimates for this company have been tracked by MarketBeat.com
Current Dividend Information for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
|Dividend Growth:||-3.40% (3 Year Average)|
|Payout Ratio:||1,625.00% (Trailing 12 Months of Earnings) |
Dividend History by Quarter for BlackRock LT Municipal Advantage Trust (NYSE BTA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for BlackRock LT Municipal Advantage Trust (NYSE BTA)
Insider Trades by Quarter for BlackRock LT Municipal Advantage Trust (NYSE BTA)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/3/2017||Michael Perilli||Insider||Buy||150||$11.91||$1,786.50|| |
|10/13/2017||Michael Perilli||Insider||Buy||150||$12.31||$1,846.50|| |
|2/12/2016||Jerrold B Harris||Director||Buy||6,000||$11.71||$70,260.00|| |
|1/29/2016||Jerrold B Harris||Director||Buy||4,000||$11.66||$46,640.00|| |
|1/20/2016||Peter Hayes||Insider||Buy||1,300||$11.33||$14,729.00|| |
|1/5/2015||Henry Gabbay||Director||Sell||1,600||$11.30||$18,080.00|| |
|12/17/2013||Peter Hayes||Insider||Sell||2,000||$10.19||$20,380.00|| |
|6/5/2013||Peter Hayes||Insider||Buy||3,000||$11.63||$34,890.00|| |
Headline Trends for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
Latest Headlines for BlackRock LT Municipal Advantage Trust (NYSE BTA)
BlackRock LT Municipal Advantage Trust (NYSE BTA) Chart for Saturday, November, 18, 2017