Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) have received a consensus rating of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $356.00.

Several brokerages have recently issued reports on BTA. Credit Suisse Group restated a “neutral” rating and set a GBX 320 ($4.22) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Deutsche Bank AG restated a “sell” rating and set a GBX 265 ($3.50) target price on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, September 13th. Numis Securities Ltd reiterated a “buy” rating and set a GBX 390 ($5.15) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 450 ($5.94) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 13th.

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP grew its stake in BlackRock LT Municipal Advantage Trust by 29.5% in the 1st quarter. First Trust Advisors LP now owns 72,315 shares of the financial services provider’s stock worth $829,000 after acquiring an additional 16,484 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in BlackRock LT Municipal Advantage Trust by 27.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 3,650 shares in the last quarter. Ameriprise Financial Inc. bought a new position in BlackRock LT Municipal Advantage Trust in the 1st quarter worth about $133,000. Laurion Capital Management LP bought a new position in BlackRock LT Municipal Advantage Trust in the 2nd quarter worth about $366,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in BlackRock LT Municipal Advantage Trust in the 1st quarter worth about $132,000.

ILLEGAL ACTIVITY NOTICE: “BlackRock LT Municipal Advantage Trust (BTA) Receives Average Rating of “Hold” from Brokerages” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/25/blackrock-lt-municipal-advantage-trust-bta-receives-average-rating-of-hold-from-brokerages.html.

BlackRock LT Municipal Advantage Trust (BTA) opened at 12.19 on Wednesday. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $11.99. BlackRock LT Municipal Advantage Trust has a 52 week low of $10.73 and a 52 week high of $12.54.

The business also recently announced a monthly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.0545 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.65 dividend on an annualized basis and a yield of 5.37%.

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.