BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays PLC in a research report issued to clients and investors on Friday. They presently have a GBX 450 ($5.92) price target on the financial services provider’s stock.

Several other research analysts have also recently commented on BTA. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 340 ($4.47) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, June 21st. J P Morgan Chase & Co lowered their target price on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.34) to GBX 290 ($3.81) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a “sell” rating and set a GBX 265 ($3.48) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday, July 11th. Numis Securities Ltd reissued a “buy” rating and set a GBX 390 ($5.13) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Finally, Macquarie boosted their target price on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $355.00.

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Large investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new position in BlackRock LT Municipal Advantage Trust in the first quarter valued at about $132,000. Ameriprise Financial Inc. purchased a new position in BlackRock LT Municipal Advantage Trust in the first quarter valued at about $133,000. Doliver Capital Advisors Inc. purchased a new position in BlackRock LT Municipal Advantage Trust in the first quarter valued at about $134,000. Stifel Financial Corp purchased a new position in BlackRock LT Municipal Advantage Trust in the second quarter valued at about $137,000. Finally, First Allied Advisory Services Inc. raised its position in 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 valued at $147,000 after purchasing an additional 1,108 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).

Analyst Recommendations for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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