BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its price objective reduced by stock analysts at Jefferies Group LLC from GBX 400 ($5.00) to GBX 325 ($4.06) in a report released on Friday. The firm currently has a “hold” rating on the stock.

Several other analysts have also recently weighed in on the company. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 354 ($4.42) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, November 30th. Societe Generale restated a “buy” rating and set a GBX 500 ($6.25) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, November 2nd. BNP Paribas restated a “neutral” rating and set a GBX 330 ($4.12) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, January 25th. Morgan Stanley restated an “overweight” rating and set a GBX 490 ($6.12) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, January 11th. Finally, Deutsche Bank AG restated a “sell” rating and set a GBX 325 ($4.06) price target on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, January 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust has an average rating of “Buy” and a consensus price target of $423.29.

Analyst Recommendations for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 11.36 on Friday. BlackRock LT Municipal Advantage Trust has a 1-year low of $10.73 and a 1-year high of $13.44. The company’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.93.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, February 13th.

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Several institutional investors have recently bought and sold shares of BTA. First Allied Advisory Services Inc. raised its position in BlackRock LT Municipal Advantage Trust by 9.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 13,052 shares of the company’s stock worth $147,000 after buying an additional 1,108 shares in the last quarter. First Trust Advisors LP raised its position in BlackRock LT Municipal Advantage Trust by 16.0% in the third quarter. First Trust Advisors LP now owns 38,486 shares of the company’s stock worth $486,000 after buying an additional 5,307 shares in the last quarter. Sit Investment Associates Inc. raised its position in BlackRock LT Municipal Advantage Trust by 0.9% in the third quarter. Sit Investment Associates Inc. now owns 710,666 shares of the company’s stock worth $8,983,000 after buying an additional 6,441 shares in the last quarter. Advisors Asset Management Inc. raised its position in BlackRock LT Municipal Advantage Trust by 26.1% in the third quarter. Advisors Asset Management Inc. now owns 566,659 shares of the company’s stock worth $7,163,000 after buying an additional 117,441 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in BlackRock LT Municipal Advantage Trust by 1.0% in the third quarter. Wells Fargo & Company MN now owns 53,786 shares of the company’s stock worth $680,000 after buying an additional 557 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).

5 Day Chart for NYSE:BTA

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