BlackRock LT Municipal Advantage Trust (BTA) Given Buy Rating at Numis Securities Ltd

Numis Securities Ltd restated their buy rating on shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) in a research report released on Thursday, November 2nd. They currently have a GBX 390 ($5.13) price target on the financial services provider’s stock.

Several other equities analysts also recently issued reports on BTA. Macquarie upped their target price on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the company an outperform rating in a research report on Wednesday, September 6th. Deutsche Bank AG reissued a sell rating and issued a GBX 265 ($3.49) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Tuesday, July 11th. Credit Suisse Group reissued a neutral rating and issued a GBX 320 ($4.21) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, September 15th. J P Morgan Chase & Co cut their target price on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.34) to GBX 290 ($3.81) and set a neutral rating on the stock in a research report on Wednesday, July 5th. Finally, Citigroup Inc. lowered shares of BlackRock LT Municipal Advantage Trust to a neutral rating and lowered their price target for the company from GBX 360 ($4.73) to GBX 310 ($4.08) in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $344.33.

BlackRock LT Municipal Advantage Trust (BTA) opened at $12.00 on Thursday. BlackRock LT Municipal Advantage Trust has a 12 month low of $10.73 and a 12 month high of $12.54.

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The business also recently declared a dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, December 28th will be paid a $4.85 dividend. This represents a yield of 1.96%. The ex-dividend date is Thursday, December 28th.

A number of hedge funds have recently added to or reduced their stakes in BTA. Ameriprise Financial Inc. acquired a new stake in BlackRock LT Municipal Advantage Trust in the 1st quarter valued at about $133,000. UBS Group AG raised its holdings in BlackRock LT Municipal Advantage Trust by 16.7% in the 1st quarter. UBS Group AG now owns 170,825 shares of the financial services provider’s stock valued at $1,958,000 after acquiring an additional 24,489 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in BlackRock LT Municipal Advantage Trust by 27.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 3,650 shares during the last quarter. First Trust Advisors LP raised its holdings in BlackRock LT Municipal Advantage Trust by 31.1% in the 2nd quarter. First Trust Advisors LP now owns 94,772 shares of the financial services provider’s stock valued at $1,118,000 after acquiring an additional 22,457 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in BlackRock LT Municipal Advantage Trust by 0.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock valued at $5,549,000 after acquiring an additional 2,447 shares during the last quarter.

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).

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

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