BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report released on Thursday. They currently have a GBX 390 ($5.15) price objective on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the company. Macquarie lifted their target price on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.49) to GBX 355 ($4.68) and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.50) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 320 ($4.22) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, September 15th. J P Morgan Chase & Co dropped their target price on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.35) to GBX 290 ($3.83) and set a “neutral” rating for the company in a report on Wednesday, July 5th. Finally, Citigroup Inc. cut BlackRock LT Municipal Advantage Trust to a “neutral” rating and dropped their target price for the stock from GBX 360 ($4.75) to GBX 310 ($4.09) in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $355.00.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. bought a new stake in BlackRock LT Municipal Advantage Trust during the 1st quarter valued at $133,000. First Allied Advisory Services Inc. bought a new stake in BlackRock LT Municipal Advantage Trust during the 2nd quarter valued at $156,000. Oppenheimer & Co. Inc. raised 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 valued at $196,000 after purchasing an additional 3,650 shares in the last quarter. Laurion Capital Management LP bought a new stake in BlackRock LT Municipal Advantage Trust during the 2nd quarter valued at $366,000. Finally, Van ECK Associates Corp raised 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 valued at $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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