BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research report issued to clients and investors on Monday. They presently have a GBX 506 ($6.60) target price on the stock.

A number of other research analysts have also weighed in on BTA. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 490 ($6.40) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, July 29th. HSBC restated a “buy” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, August 5th. Credit Suisse Group AG restated a “neutral” rating and set a GBX 400 ($5.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 560 ($7.31) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, July 29th. Finally, Societe Generale upgraded BlackRock LT Municipal Advantage Trust to a “buy” rating and cut their price objective for the company from GBX 545 ($7.11) to GBX 500 ($6.53) in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 469 ($6.12).

Analyst Recommendations for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

BlackRock LT Municipal Advantage Trust (NYSE:BTA) remained flat at $12.47 on Monday. 12,149 shares of the company were exchanged. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.95 and a 12-month high of $13.44. The firm’s 50 day moving average is $12.70 and its 200-day moving average is $12.57.

The business also recently declared a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th will be paid a dividend of $0.054 per share. The ex-dividend date is Wednesday, October 12th.

Hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its position in shares of BlackRock LT Municipal Advantage Trust by 5.8% in the first quarter. UBS Group AG now owns 113,194 shares of the company’s stock worth $1,347,000 after buying an additional 6,186 shares during the period. Mackay Shields LLC increased its position in shares of BlackRock LT Municipal Advantage Trust by 381.1% in the second quarter. Mackay Shields LLC now owns 156,373 shares of the company’s stock worth $1,995,000 after buying an additional 123,868 shares during the period. Bank of Montreal Can acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the second quarter worth approximately $1,550,000. Grimes & Company Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the second quarter worth approximately $208,000. Finally, First Trust Advisors LP increased its position in shares of BlackRock LT Municipal Advantage Trust by 4.9% in the second quarter. First Trust Advisors LP now owns 33,179 shares of the company’s stock worth $423,000 after buying an additional 1,555 shares during the period.

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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