BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “underperform” rating restated by investment analysts at Macquarie in a research note issued on Wednesday. They presently have a GBX 310 ($3.84) target price on the stock.

BTA has been the subject of a number of other research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 506 ($6.27) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, October 10th. Royal Bank Of Canada reduced their target price on BlackRock LT Municipal Advantage Trust from GBX 570 ($7.06) to GBX 550 ($6.81) and set an “outperform” rating for the company in a report on Tuesday, July 19th. HSBC reissued a “buy” rating and issued a GBX 480 ($5.95) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, July 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 490 ($6.07) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 560 ($6.94) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 461.14 ($5.71).

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 11.26 on Wednesday. BlackRock LT Municipal Advantage Trust has a one year low of $11.01 and a one year high of $13.44. The company has a 50 day moving average of $12.15 and a 200-day moving average of $12.54.

The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a $0.054 dividend. The ex-dividend date is Thursday, November 10th.

Hedge funds have recently bought and sold shares of the stock. Mackay Shields LLC boosted its stake in 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 valued at $1,995,000 after buying an additional 123,868 shares during the period. Bank of Montreal Can acquired a new stake in BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $1,550,000. Advisors Asset Management Inc. boosted its stake in BlackRock LT Municipal Advantage Trust by 26.1% in the third quarter. Advisors Asset Management Inc. now owns 566,659 shares of the company’s stock valued at $7,163,000 after buying an additional 117,441 shares during the period. Advisor Group Inc. acquired a new stake in BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $219,000. Finally, Grimes & Company Inc. acquired a new stake in BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $208,000.

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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