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

Several other research analysts have also recently weighed in on BTA. J P Morgan Chase & Co reduced their price target 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 research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “sell” rating and set a GBX 265 ($3.50) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Tuesday, July 11th. Macquarie lifted their price target on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.49) to GBX 355 ($4.68) and gave the company an “outperform” rating in a research report on Wednesday, September 6th. 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, Credit Suisse Group reiterated a “neutral” rating and set a GBX 320 ($4.22) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $345.33.

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded up $0.06 during trading hours on Thursday, hitting $11.99. The stock had a trading volume of 38,920 shares, compared to its average volume of 35,665. BlackRock LT Municipal Advantage Trust has a 1 year low of $10.73 and a 1 year high of $12.54.

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Several large investors have recently modified their holdings of BTA. Laurion Capital Management LP acquired a new stake in shares of BlackRock LT Municipal Advantage Trust in the second quarter worth approximately $366,000. UBS Group AG boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 16.7% in the first quarter. UBS Group AG now owns 170,825 shares of the financial services provider’s stock worth $1,958,000 after acquiring an additional 24,489 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 15.3% in the second quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock worth $2,109,000 after acquiring an additional 23,691 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 31.1% in the second quarter. First Trust Advisors LP now owns 94,772 shares of the financial services provider’s stock worth $1,118,000 after acquiring an additional 22,457 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of BlackRock LT Municipal Advantage Trust in the second quarter worth approximately $156,000.

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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