BlackRock LT Municipal Advantage Trust (NYSE:BTA) PT Raised to GBX 380 at Macquarie

BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its price objective upped by equities research analysts at Macquarie from GBX 355 ($4.67) to GBX 380 ($5.00) in a research report issued to clients and investors on Tuesday, November 7th. The brokerage presently has an “outperform” rating on the financial services provider’s stock.

Several other equities analysts also recently issued reports on BTA. Numis Securities Ltd restated a “buy” rating and issued a GBX 390 ($5.13) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Deutsche Bank AG restated a “sell” rating and issued a GBX 265 ($3.49) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, August 2nd. Credit Suisse Group decreased their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 320 ($4.21) to GBX 280 ($3.68) and set a “neutral” rating for the company in a research note on Tuesday, November 7th. Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.92) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $344.33.

BlackRock LT Municipal Advantage Trust (BTA) traded down $0.05 during trading hours on Tuesday, reaching $11.94. The company had a trading volume of 17,198 shares, compared to its average volume of 32,960. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.54.

A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its holdings in BlackRock LT Municipal Advantage Trust by 19.1% in the second quarter. Ameriprise Financial Inc. now owns 13,801 shares of the financial services provider’s stock valued at $163,000 after buying an additional 2,209 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of BlackRock LT Municipal Advantage Trust by 0.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock worth $5,549,000 after purchasing an additional 2,447 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of BlackRock LT Municipal Advantage Trust by 7.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 2,976 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of BlackRock LT Municipal Advantage Trust by 14.6% during the 2nd quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 4,214 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of BlackRock LT Municipal Advantage Trust by 4.6% during the 3rd quarter. First Trust Advisors LP now owns 99,157 shares of the financial services provider’s stock worth $1,201,000 after purchasing an additional 4,385 shares in the last quarter.

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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).

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

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