BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “sell” rating reaffirmed by Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 370 ($4.83) target price on the stock.

A number of other equities research analysts have also recently weighed in on BTA. Credit Suisse Group AG restated an “outperform” rating and set a GBX 510 ($6.66) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, June 8th. Jefferies Group cut their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 475 ($6.20) to GBX 400 ($5.22) and set a “hold” rating on the stock in a research note on Tuesday, June 21st. Citigroup Inc. restated a “buy” rating and set a GBX 440 ($5.74) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, June 27th. Societe Generale upgraded shares of BlackRock LT Municipal Advantage Trust to a “buy” rating and set a GBX 545 ($7.11) price objective on the stock in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of BlackRock LT Municipal Advantage Trust from GBX 530 ($6.92) to GBX 490 ($6.40) and set an “overweight” rating on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 471.07 ($6.15).

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up 0.24% during mid-day trading on Tuesday, hitting $12.58. 5,396 shares of the stock traded hands. The firm’s 50 day moving average price is $12.82 and its 200 day moving average price is $12.49. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.95 and a 12-month high of $13.44.

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The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, September 13th.

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp bought a new stake in BlackRock LT Municipal Advantage Trust during the second quarter valued at about $137,000. RMB Capital Management LLC bought a new stake in BlackRock LT Municipal Advantage Trust during the first quarter valued at about $171,000. Grimes & Company Inc. acquired a new position in BlackRock LT Municipal Advantage Trust during the second quarter valued at $208,000. Advisor Group Inc. acquired a new position in BlackRock LT Municipal Advantage Trust during the second quarter valued at $219,000. Finally, LPL Financial LLC boosted its position in BlackRock LT Municipal Advantage Trust by 86.7% in the first quarter. LPL Financial LLC now owns 26,490 shares of the company’s stock valued at $319,000 after buying an additional 12,300 shares during the period.

About BlackRock LT Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust is a closed-end management investment trust. 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 normally 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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