Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $373.85.

Several equities research analysts recently commented on BTA shares. HSBC Holdings plc dropped their target price on BlackRock LT Municipal Advantage Trust from GBX 420 ($5.46) to GBX 370 ($4.81) and set a “buy” rating on the stock in a report on Friday, April 21st. Jefferies Group LLC dropped their target price on BlackRock LT Municipal Advantage Trust from GBX 400 ($5.20) to GBX 325 ($4.23) and set a “hold” rating on the stock in a report on Friday, February 17th. Berenberg Bank decreased their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 400 ($5.20) to GBX 343 ($4.46) and set a “hold” rating on the stock in a research report on Friday, May 5th. Goldman Sachs Group Inc decreased their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 360 ($4.68) to GBX 350 ($4.55) and set a “neutral” rating on the stock in a research report on Tuesday, April 25th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 330 ($4.29) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Thursday, February 9th.

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BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up 0.4562% during mid-day trading on Friday, reaching $11.8036. The company’s stock had a trading volume of 21,897 shares. BlackRock LT Municipal Advantage Trust has a 12 month low of $10.73 and a 12 month high of $13.44. The stock’s 50-day moving average is $11.68 and its 200-day moving average is $11.43.

The company also recently declared a dividend, which will be paid on Monday, September 4th. Stockholders of record on Thursday, August 10th will be given a $10.55 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 3.38%. This is an increase from BlackRock LT Municipal Advantage Trust’s previous dividend of $0.05.

Several hedge funds and other institutional investors have recently modified their holdings of BTA. Cambridge Investment Research Advisors Inc. purchased a new position in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $132,000. Ameriprise Financial Inc. purchased a new position in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $133,000. Doliver Capital Advisors Inc. purchased a new position in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $134,000. First Allied Advisory Services Inc. increased its position in shares of BlackRock LT Municipal Advantage Trust by 9.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 13,052 shares of the financial services provider’s stock worth $147,000 after buying an additional 1,108 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of BlackRock LT Municipal Advantage Trust by 27.1% in the first quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,650 shares during the period.

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).

12 Month Chart for NYSE:BTA

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