Analysts Set BlackRock LT Municipal Advantage Trust (BTA) Target Price at $344.64

BlackRock LT Municipal Advantage Trust (NYSE:BTA) has received an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $344.64.

Several analysts have weighed in on BTA shares. Numis Securities Ltd reaffirmed 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 Thursday, November 2nd. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 320 ($4.21) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Citigroup Inc. downgraded BlackRock LT Municipal Advantage Trust to a “neutral” rating and cut their target price for the company from GBX 360 ($4.73) to GBX 310 ($4.08) in a research note on Monday, October 9th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, September 13th. Finally, Macquarie lifted their price target on BlackRock LT Municipal Advantage Trust from GBX 355 ($4.67) to GBX 380 ($5.00) and gave the company an “outperform” rating in a research report on Tuesday, November 7th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust in the 3rd quarter worth $126,000. Ameriprise Financial Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust in the 1st quarter worth $133,000. First Allied Advisory Services Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust in the 2nd quarter worth $156,000. Laurion Capital Management LP acquired a new position in shares of BlackRock LT Municipal Advantage Trust in the 2nd quarter worth $366,000. Finally, Van ECK Associates Corp grew its holdings in shares of BlackRock LT Municipal Advantage Trust by 14.6% in the 2nd quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 4,214 shares during the last quarter.

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Shares of BlackRock LT Municipal Advantage Trust (BTA) traded down $0.04 during trading on Friday, reaching $11.96. The company’s stock had a trading volume of 19,011 shares, compared to its average volume of 39,032. 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 dividend, which will be paid on Monday, February 5th. Investors of record on Thursday, December 28th will be issued a $4.85 dividend. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, December 28th.

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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