BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “outperform” rating reiterated by analysts at Macquarie in a report released on Thursday. They presently have a GBX 355 ($4.58) target price on the financial services provider’s stock.

A number of other brokerages have also recently commented on BTA. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 320 ($4.13) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday. Deutsche Bank AG reiterated a “sell” rating and issued 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 issued a GBX 390 ($5.04) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Finally, J P Morgan Chase & Co cut their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 330 ($4.26) to GBX 290 ($3.75) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $358.00.

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) traded up 0.72% on Thursday, reaching $12.51. 26,116 shares of the company traded hands. The stock has a 50 day moving average of $12.14 and a 200 day moving average of $11.80. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.73 and a 52-week high of $12.87.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of 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 buying an additional 2,976 shares during the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the 2nd quarter worth about $156,000. Van ECK Associates Corp lifted its stake in shares of 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 buying an additional 4,214 shares during the last quarter. Laurion Capital Management LP acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the 2nd quarter worth about $366,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of 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 buying an additional 2,209 shares during the last quarter.

About BlackRock LT Municipal Advantage Trust

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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