BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “neutral” rating reissued by equities researchers at BNP Paribas in a report released on Tuesday. They currently have a GBX 395 ($4.90) price target on the stock.

Other equities research analysts have also issued research reports about the company. HSBC boosted their price target on BlackRock LT Municipal Advantage Trust from GBX 460 ($5.71) to GBX 470 ($5.83) and gave the stock a “buy” rating in a research note on Friday, November 11th. Societe Generale restated a “buy” rating and set a GBX 500 ($6.20) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, November 2nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 506 ($6.28) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, October 10th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 560 ($6.95) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Tuesday, October 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 440 ($5.46) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $453.57.

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 10.87 on Tuesday. BlackRock LT Municipal Advantage Trust has a one year low of $10.85 and a one year high of $13.44. The firm’s 50-day moving average is $11.62 and its 200-day moving average is $12.43.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in BTA. Grimes & Company Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at $208,000. 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 valued at $1,995,000 after buying an additional 123,868 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of BlackRock LT Municipal Advantage Trust by 24.9% in the second quarter. Advisors Asset Management Inc. now owns 449,218 shares of the company’s stock valued at $5,732,000 after buying an additional 89,626 shares during the last quarter. 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 valued at $423,000 after buying an additional 1,555 shares during the last quarter. Finally, IFP Advisors Inc increased 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 valued at $368,000 after buying an additional 1,635 shares during 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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