BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its target price raised by equities researchers at Macquarie from GBX 340 ($4.39) to GBX 355 ($4.58) in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on BTA. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 265 ($3.42) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, August 2nd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.04) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 340 ($4.39) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, June 21st. J P Morgan Chase & Co cut their target price on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.26) to GBX 290 ($3.75) and set a “neutral” rating on the stock in a report on Wednesday, July 5th. Finally, Berenberg Bank cut their target price on BlackRock LT Municipal Advantage Trust from GBX 343 ($4.43) to GBX 325 ($4.20) and set a “hold” rating on the stock in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $360.71.

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up 0.4182% on Wednesday, hitting $12.3414. The company’s stock had a trading volume of 73,519 shares. BlackRock LT Municipal Advantage Trust has a 1-year low of $10.73 and a 1-year high of $12.95. The company has a 50 day moving average of $12.07 and a 200 day moving average of $11.76.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sit Investment Associates Inc. raised its stake in shares of BlackRock LT Municipal Advantage Trust by 0.9% in the third quarter. Sit Investment Associates Inc. now owns 710,666 shares of the financial services provider’s stock valued at $8,983,000 after acquiring an additional 6,441 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of BlackRock LT Municipal Advantage Trust by 26.1% in the third quarter. Advisors Asset Management Inc. now owns 566,659 shares of the financial services provider’s stock valued at $7,163,000 after acquiring an additional 117,441 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of BlackRock LT Municipal Advantage Trust by 15.3% in the second quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock valued at $2,109,000 after acquiring an additional 23,691 shares during the last quarter. UBS Group AG raised its stake in shares of BlackRock LT Municipal Advantage Trust by 16.7% in the first 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. Finally, Mackay Shields LLC raised its stake in shares of BlackRock LT Municipal Advantage Trust by 381.1% in the second quarter. Mackay Shields LLC now owns 156,373 shares of the financial services provider’s stock valued at $1,995,000 after acquiring an additional 123,868 shares during the last quarter.

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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