Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been given an average rating of “Hold” by the fourteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $355.36.

Several research firms recently commented on BTA. HSBC Holdings plc cut their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 420 ($5.44) to GBX 370 ($4.79) and set a “buy” rating for the company in a research note on Friday, April 21st. BNP Paribas cut shares of BlackRock LT Municipal Advantage Trust to an “underperform” rating and set a GBX 260 ($3.37) target price for the company. in a research note on Thursday, May 25th. Barclays PLC cut their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 475 ($6.15) to GBX 450 ($5.83) and set an “overweight” rating for the company in a research note on Friday, May 12th. Jefferies Group LLC cut their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 325 ($4.21) to GBX 280 ($3.63) and set a “hold” rating for the company in a research note on Wednesday, May 31st. Finally, Macquarie reiterated a “neutral” rating and set a GBX 270 ($3.50) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, May 8th.

Large investors have recently made changes to their positions in the stock. Oxbow Advisors LLC raised its stake in shares of BlackRock LT Municipal Advantage Trust by 5.5% in the first quarter. Oxbow Advisors LLC now owns 21,387 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,112 shares during the period. First Trust Advisors LP raised its stake in shares of BlackRock LT Municipal Advantage Trust by 29.5% in the first quarter. First Trust Advisors LP now owns 72,315 shares of the financial services provider’s stock valued at $829,000 after buying an additional 16,484 shares during the period. Wells Fargo & Company MN raised its stake in BlackRock LT Municipal Advantage Trust by 65.1% in the first quarter. Wells Fargo & Company MN now owns 155,076 shares of the financial services provider’s stock valued at $1,777,000 after buying an additional 61,163 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in 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 valued at $196,000 after buying an additional 3,650 shares during the last quarter. Finally, Doliver Capital Advisors Inc. purchased a new stake in BlackRock LT Municipal Advantage Trust during the first quarter valued at $134,000.

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded down 0.17% on Monday, reaching $12.00. 17,149 shares of the company’s stock traded hands. The company’s 50-day moving average is $11.82 and its 200-day moving average is $11.55. BlackRock LT Municipal Advantage Trust has a 52 week low of $10.73 and a 52 week high of $13.18.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a $0.054 dividend. This represents a $0.65 annualized dividend and a yield of 5.39%. The ex-dividend date is Wednesday, July 12th.

TRADEMARK VIOLATION WARNING: “BlackRock LT Municipal Advantage Trust (BTA) Receives Average Recommendation of “Hold” from Brokerages” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/17/blackrock-lt-municipal-advantage-trust-bta-receives-average-recommendation-of-hold-from-brokerages.html.

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)

Receive News & Ratings for BlackRock LT Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock LT Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.