BlackRock LT Municipal Advantage Trust (NYSE:BTA) was downgraded by analysts at Macquarie to an “underperform” rating in a report released on Friday. They currently have a GBX 310 ($3.84) target price on the stock, down from their previous target price of GBX 360 ($4.46).

BTA has been the topic of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 506 ($6.26) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 490 ($6.06) to GBX 440 ($5.45) and set a “neutral” rating on the stock in a research report on Friday, September 2nd. Societe Generale raised shares of BlackRock LT Municipal Advantage Trust to a “buy” rating and set a GBX 545 ($6.75) target price on the stock in a research report on Friday, July 1st. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 440 ($5.45) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, June 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 550 ($6.81) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust has a consensus rating of “Hold” and an average price target of GBX 462.93 ($5.73).

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

BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded down 0.93% during mid-day trading on Friday, hitting $12.27. 10,429 shares of the stock were exchanged. BlackRock LT Municipal Advantage Trust has a one year low of $10.95 and a one year high of $13.44. The company has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.58.

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

Several institutional investors have recently made changes to their positions in 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 in the last quarter. 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 in the last quarter. Bank of Montreal Can bought a new position in shares of BlackRock LT Municipal Advantage Trust during the second quarter worth about $1,550,000. Grimes & Company Inc. bought a new position in shares of BlackRock LT Municipal Advantage Trust during the second quarter worth about $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 in the last quarter.

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).

5 Day Chart for NYSE:BTA

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