BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group in a research report issued on Friday. They currently have a GBX 320 ($4.13) price objective on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 340 ($4.39) price objective (down previously from GBX 350 ($4.52)) on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, May 24th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.42) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, August 2nd. BNP Paribas lowered shares of BlackRock LT Municipal Advantage Trust to an “underperform” rating and set a GBX 260 ($3.36) price objective on the stock. in a research note on Thursday, May 25th. Numis Securities Ltd restated a “buy” rating and issued a GBX 390 ($5.04) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, August 7th. Finally, Jefferies Group LLC decreased their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating on the stock in a research report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $358.00.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up 0.72% during midday trading on Friday, hitting $12.51. The company had a trading volume of 26,116 shares. The company’s 50 day moving average is $12.14 and its 200 day moving average is $11.80. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.73 and a 12-month high of $12.87.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in BlackRock LT Municipal Advantage Trust by 19.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,801 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 2,209 shares in the last quarter. Advisors Asset Management Inc. grew its position in BlackRock LT Municipal Advantage Trust by 0.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock worth $5,549,000 after purchasing an additional 2,447 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in BlackRock LT Municipal Advantage Trust by 7.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 2,976 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in BlackRock LT Municipal Advantage Trust by 27.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 3,650 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in BlackRock LT Municipal Advantage Trust by 14.6% during the 2nd quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 4,214 shares in 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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