Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) have been given an average rating of “Hold” by the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $344.64.

BTA has been the subject of several research reports. Numis Securities reiterated a “buy” rating and issued a GBX 390 ($5.25) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, November 2nd. Credit Suisse Group reissued a “neutral” rating and issued a GBX 320 ($4.31) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Goldman Sachs Group reissued a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, September 13th. Citigroup lowered shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and dropped their price target for the stock from GBX 360 ($4.85) to GBX 310 ($4.17) in a research report on Monday, October 9th. Finally, Macquarie increased their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 355 ($4.78) to GBX 380 ($5.11) and gave the stock an “outperform” rating in a research report on Tuesday, November 7th.

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) opened at $12.03 on Thursday. BlackRock LT Municipal Advantage Trust has a one year low of $11.06 and a one year high of $12.54.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 12th will be given a $0.0545 dividend. This represents a $0.65 annualized dividend and a yield of 5.44%. The ex-dividend date is Monday, December 11th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the third quarter worth approximately $126,000. First Trust Advisors LP increased its holdings in shares of BlackRock LT Municipal Advantage Trust by 4.6% during the third quarter. First Trust Advisors LP now owns 99,157 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 4,385 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of BlackRock LT Municipal Advantage Trust by 7.6% during the second 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 in the last quarter. First Allied Advisory Services Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter worth approximately $156,000. Finally, Van ECK Associates Corp increased its holdings in shares of BlackRock LT Municipal Advantage Trust by 14.6% during the second 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 in the last quarter.

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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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