BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its target price raised by HSBC from GBX 460 ($5.75) to GBX 470 ($5.87) in a research report sent to investors on Friday. HSBC currently has a buy rating on the stock.

BTA has been the topic of a number of other reports. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 490 ($6.12) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, July 29th. Credit Suisse Group AG restated a neutral rating and issued a GBX 400 ($5.00) price target 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 issued a GBX 560 ($7.00) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, July 29th. Deutsche Bank AG restated a sell rating and issued a GBX 345 ($4.31) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 28th. Finally, Societe Generale upgraded shares of BlackRock LT Municipal Advantage Trust to a buy rating and reduced their price target for the company from GBX 545 ($6.81) to GBX 500 ($6.25) in a research report on Friday, July 22nd. Three 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. BlackRock LT Municipal Advantage Trust has an average rating of Hold and an average price target of GBX 460.43 ($5.75).

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 11.23 on Friday. The company’s 50-day moving average is $12.12 and its 200-day moving average is $12.53. BlackRock LT Municipal Advantage Trust has a one year low of $11.03 and a one year high of $13.44.

The company also recently disclosed a dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, November 10th.

A number of hedge funds and other institutional investors have recently modified their holdings of BTA. First Trust Advisors LP boosted its position in shares of BlackRock LT Municipal Advantage Trust by 16.0% in the third quarter. First Trust Advisors LP now owns 38,486 shares of the company’s stock worth $486,000 after buying an additional 5,307 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of BlackRock LT Municipal Advantage Trust by 0.9% in the third quarter. Sit Investment Associates Inc. now owns 710,666 shares of the company’s stock worth $8,983,000 after buying an additional 6,441 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of 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 worth $7,163,000 after buying an additional 117,441 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of BlackRock LT Municipal Advantage Trust by 1.0% in the third quarter. Wells Fargo & Company MN now owns 53,786 shares of the company’s stock worth $680,000 after buying an additional 557 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of BlackRock LT Municipal Advantage Trust by 6.0% in the second quarter. IFP Advisors Inc now owns 28,873 shares of the company’s stock worth $368,000 after buying an additional 1,635 shares in the last quarter.

BlackRock LT Municipal Advantage Trust Company Profile

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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