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:
Average Prices:- 50 Day Moving Avg: $12.00
- 200 Day Moving Avg: $11.71
- 52 Week Range: $10.73 - $13.18
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.00
Profitability:- Net Margins: -45.66%
- Return on Equity: -3.37%
- Return on Assets: -2.00%
Misc:- Average Volume: 40,917 shs.
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 monthly dividend on Wednesday, August 2nd. Investors of record on Tuesday, August 15th will be paid a dividend of $0.054 per share on Friday, September 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, August 11th. 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 brokers have issued twelve-month target prices for BlackRock LT Municipal Advantage Trust's shares. Their predictions range from $260.00 to $500.00. On average, they expect BlackRock LT Municipal Advantage Trust's share price to reach $356.92 in the next twelve months. 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 Ares Capital Corporation (ARCC), FS Investment Corporation (FSIC), 3i Infrastructure PLC (3IN), Apollo Investment Corporation (AINV), Golub Capital BDC (GBDC), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), BlackRock Capital Investment Corporation (BKCC), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Gladstone Investment Corporation (GAIN), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), Alcentra Capital Corp. (ABDC) and Capitala Finance Corp. (CPTA).
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
- John M. Perlowski, President, Chief Executive Officer
- Karen P. Robards, Independent Vice Chairman of the Board of Trustees
- Neal J. Andrews, Chief Financial Officer
- Charles C. S. Park, Chief Compliance Officer, Anti-Money Laundering Officer
- Robert W. Crothers, Vice President
- Brendan Kyne, Vice President
- Jay M. Fife, Treasurer
- Janey Ahn, Secretary
- Paul L. Audet, Independent Trustee
Who owns BlackRock LT Municipal Advantage Trust stock?
BlackRock LT Municipal Advantage Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Sit Investment Associates Inc. (0.00%), Advisors Asset Management Inc. (0.00%), Wells Fargo & Company MN (0.00%), Bank of Montreal Can (0.00%), Tradewinds Capital Management LLC (0.00%) and First Trust Advisors LP (0.00%). Company insiders that own BlackRock LT Municipal Advantage Trust stock include Jerrold B Harris 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 bought by a variety of institutional investors in the last quarter, including Laurion Capital Management LP, Wells Fargo & Company MN, First Trust Advisors LP, First Allied Advisory Services Inc., Van ECK Associates Corp, Raymond James Financial Services Advisors Inc., Advisors Asset Management Inc. and Ameriprise Financial Inc.. Company insiders that have bought BlackRock LT Municipal Advantage Trust stock in the last two years include Jerrold B Harris 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 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 $11.96.
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.
Consensus Ratings for BlackRock LT Municipal Advantage Trust (NYSE:BTA) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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, 5 Hold Ratings, 6 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.31) |
| Consensus Price Target: | $356.92 (2,884.31% upside) |
Analysts' Ratings History for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/7/2017 | Numis Securities Ltd | Reiterated Rating | Buy | GBX 390 | Low |  |
| 8/2/2017 | Deutsche Bank AG | Reiterated Rating | Sell | GBX 265 | Low | |
| 7/5/2017 | J P Morgan Chase & Co | Lower Price Target | Neutral | GBX 330 -> GBX 290 | Low | |
| 6/21/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Neutral | GBX 340 | Medium | |
| 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 | |
| 5/12/2017 | Barclays PLC | Lower Price Target | Overweight | GBX 475 -> GBX 450 | Low | |
| 5/8/2017 | Macquarie | Reiterated Rating | Neutral | GBX 270 | Low | |
| 4/21/2017 | HSBC Holdings plc | Lower Price Target | Buy | GBX 420 -> GBX 370 | 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 | |
| 8/10/2016 | Credit Suisse Group | Reiterated Rating | Neutral | GBX 400 | N/A | |
| 6/27/2016 | Citigroup Inc. | Reiterated Rating | Buy | GBX 440 | 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 | |
(Data available from 8/19/2015 forward)
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)| Next Dividend: | 9/1/2017 |
| Annual Dividend: | $0.65 |
| Dividend Yield: | 5.43% |
| Dividend Growth: | -3.40% (3 Year Average) |
| Payout Ratio: | |
Dividend History by Quarter for BlackRock LT Municipal Advantage Trust (NYSE BTA)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/2/2017 | Monthly | $0.05 | 5.34% | 8/11/2017 | 8/15/2017 | 9/1/2017 |
| 7/3/2017 | monthly | $0.05 | 5.52% | 7/12/2017 | 7/14/2017 | 8/1/2017 |
| 6/2/2017 | monthly | $0.05 | 5.52% | 6/13/2017 | 6/15/2017 | 7/3/2017 |
| 5/11/2017 | | GBX 10.55 | 3.38% | 8/10/2017 | 8/10/2017 | 9/4/2017 |
| 5/2/2017 | monthly | $0.05 | 5.58% | 5/11/2017 | 5/15/2017 | 6/1/2017 |
| 4/4/2017 | monthly | $0.05 | 5.7% | 4/11/2017 | 4/13/2017 | 5/1/2017 |
| 3/2/2017 | monthly | $0.05 | 5.73% | 3/13/2017 | 3/15/2017 | 4/3/2017 |
| 2/2/2017 | monthly | $0.05 | 5.74% | 2/13/2017 | 2/15/2017 | 3/1/2017 |
| 1/4/2017 | monthly | $0.05 | 5.74% | 1/11/2017 | 1/13/2017 | 2/1/2017 |
| 12/2/2016 | | $0.05 | | 12/8/2016 | 12/12/2016 | 12/30/2016 |
| 11/2/2016 | | $0.05 | | 11/10/2016 | 11/15/2016 | 12/1/2016 |
| 10/4/2016 | | $0.05 | | 10/12/2016 | 10/14/2016 | 11/1/2016 |
| 9/2/2016 | | $0.05 | | 9/13/2016 | 9/15/2016 | 10/3/2016 |
| 8/2/2016 | | $0.05 | | 8/11/2016 | 8/15/2016 | 9/1/2016 |
| 7/5/2016 | | $0.05 | | 7/13/2016 | 7/15/2016 | 8/1/2016 |
| 6/2/2016 | | $0.05 | | 6/13/2016 | 6/15/2016 | 7/1/2016 |
| 5/3/2016 | | $0.06 | | 5/12/2016 | 5/16/2016 | 6/1/2016 |
| 4/4/2016 | | $0.06 | | 4/13/2016 | 4/15/2016 | 5/2/2016 |
| 3/2/2016 | | $0.06 | | 3/11/2016 | 3/15/2016 | 4/1/2016 |
| 2/2/2016 | | $0.06 | | 2/11/2016 | 2/16/2016 | 3/1/2016 |
| 1/5/2016 | | $0.06 | | 1/13/2016 | 1/15/2016 | 2/1/2016 |
| 12/2/2015 | | $0.06 | | 12/10/2015 | 12/14/2015 | 12/31/2015 |
| 11/3/2015 | | $0.06 | | 11/12/2015 | 11/16/2015 | 12/1/2015 |
| 7/2/2015 | monthly | $0.06 | 6.49% | 7/13/2015 | 7/15/2015 | 8/3/2015 |
| 6/2/2015 | monthly | $0.06 | 6.3% | 6/11/2015 | 6/15/2015 | 7/1/2015 |
| 5/4/2015 | monthly | $0.06 | 6.15% | 5/13/2015 | 5/15/2015 | 6/1/2015 |
| 4/2/2015 | monthly | $0.06 | 6.09% | 4/13/2015 | 4/15/2015 | 5/1/2015 |
| 3/3/2015 | monthly | $0.06 | 6.12% | 3/11/2015 | 3/13/2015 | 4/1/2015 |
| 2/3/2015 | monthly | $0.06 | 5.93% | 2/11/2015 | 2/13/2015 | 3/2/2015 |
| 1/5/2015 | monthly | $0.06 | 6.15% | 1/13/2015 | 1/15/2015 | 2/2/2015 |
| 12/2/2014 | monthly | $0.06 | 6.18% | 12/10/2014 | 12/12/2014 | 12/31/2014 |
| 11/4/2014 | monthly | $0.06 | 6.17% | 11/12/2014 | 11/14/2014 | 12/1/2014 |
| 10/2/2014 | monthly | $0.06 | 6.23% | 10/10/2014 | 10/15/2014 | 11/3/2014 |
| 9/4/2014 | monthly | $0.06 | 6.6% | 9/11/2014 | 9/15/2014 | 10/1/2014 |
| 8/4/2014 | monthly | $0.06 | 6.81% | 8/13/2014 | 8/15/2014 | 9/2/2014 |
| 7/2/2014 | monthly | $0.06 | 6.68% | 7/11/2014 | 7/15/2014 | 8/1/2014 |
| 6/3/2014 | monthly | $0.06 | 6.56% | 6/12/2014 | 6/16/2014 | 7/1/2014 |
| 5/2/2014 | monthly | $0.06 | 6.57% | 5/13/2014 | 5/15/2014 | 6/2/2014 |
| 4/2/2014 | monthly | $0.06 | 6.86% | 4/11/2014 | 4/15/2014 | 5/1/2014 |
| 3/4/2014 | monthly | $0.06 | 6.88% | 3/12/2014 | 3/14/2014 | 4/1/2014 |
| 2/4/2014 | monthly | $0.06 | 6.98% | 2/12/2014 | 2/14/2014 | 3/3/2014 |
| 1/3/2014 | monthly | $0.06 | 7.22% | 1/13/2014 | 1/15/2014 | 2/3/2014 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
Latest Headlines for BlackRock LT Municipal Advantage Trust (NYSE:BTA)
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BlackRock LT Municipal Advantage Trust (BTA) Chart for Saturday, August, 19, 2017
