Deutsche Bank AG reaffirmed their sell rating on shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) in a report published on Wednesday morning. They currently have a GBX 265 ($3.50) target price on the financial services provider’s stock.

A number of other analysts have also issued reports on BTA. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 390 ($5.15) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Credit Suisse Group reiterated a neutral rating and set a GBX 320 ($4.22) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. Barclays PLC reiterated an overweight rating and set a GBX 450 ($5.94) price objective on shares of BlackRock LT Municipal Advantage Trust in a research report on Friday, October 13th. 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, Citigroup Inc downgraded BlackRock LT Municipal Advantage Trust to a neutral rating and reduced their price objective for the stock from GBX 360 ($4.75) to GBX 310 ($4.09) in a research report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $345.33.

Shares of BlackRock LT Municipal Advantage Trust (NYSE BTA) opened at $11.99 on Wednesday.

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The business also recently announced a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.0545 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.65 annualized dividend and a yield of 5.45%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTA. Ameriprise Financial Inc. acquired a new position in BlackRock LT Municipal Advantage Trust during the 1st quarter worth $133,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BlackRock LT Municipal Advantage Trust during the 1st quarter worth about $132,000. UBS Group AG boosted its position in shares of BlackRock LT Municipal Advantage Trust by 16.7% during the 1st 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 in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of 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 worth $196,000 after acquiring an additional 3,650 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of BlackRock LT Municipal Advantage Trust by 31.1% during the 2nd 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 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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