BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “underperform” rating restated by analysts at Macquarie in a report released on Wednesday. They currently have a GBX 300 ($3.75) price target on the stock.

Several other brokerages also recently commented on BTA. HSBC reiterated a “buy” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, August 5th. Credit Suisse Group AG reiterated a “neutral” rating and issued a GBX 400 ($5.00) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 10th. JPMorgan Chase & Co. dropped their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 490 ($6.12) to GBX 440 ($5.50) and set a “neutral” rating on the stock in a report on Friday, September 2nd. Jefferies Group boosted their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 400 ($5.00) to GBX 405 ($5.06) and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 560 ($7.00) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $459.71.

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 10.98 on Wednesday. The stock’s 50 day moving average price is $11.76 and its 200-day moving average price is $12.46. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.95 and a 12-month high of $13.44.

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

A number of hedge funds have recently modified their holdings of BTA. Wells Fargo & Company MN boosted its stake 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 valued at $680,000 after buying an additional 557 shares in the last quarter. First Trust Advisors LP boosted its stake in 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 valued at $423,000 after buying an additional 1,555 shares during the period. IFP Advisors Inc boosted its stake in 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 valued at $368,000 after buying an additional 1,635 shares during the period. LPL Financial LLC boosted its stake in BlackRock LT Municipal Advantage Trust by 29.5% in the third quarter. LPL Financial LLC now owns 15,025 shares of the company’s stock valued at $187,000 after buying an additional 3,420 shares during the period. Finally, Van ECK Associates Corp boosted its stake in BlackRock LT Municipal Advantage Trust by 13.7% in the second quarter. Van ECK Associates Corp now owns 36,719 shares of the company’s stock valued at $469,000 after buying an additional 4,436 shares during the period.

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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).

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