BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “buy” rating reaffirmed by analysts at Numis Securities Ltd in a note issued to investors on Monday. They currently have a GBX 390 ($5.14) price objective on the financial services provider’s stock.

Several other analysts have also commented on BTA. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.50) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 340 ($4.48) price target (down from GBX 350 ($4.62)) on shares of BlackRock LT Municipal Advantage Trust in a research report on Wednesday, May 24th. Berenberg Bank reiterated a “hold” rating on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, May 15th. Macquarie reiterated a “neutral” rating and issued a GBX 270 ($3.56) price target on shares of BlackRock LT Municipal Advantage Trust in a research report on Monday, May 8th. Finally, BNP Paribas lowered shares of BlackRock LT Municipal Advantage Trust to an “underperform” rating and set a GBX 260 ($3.43) price target on the stock. in a research report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $357.67.

BlackRock LT Municipal Advantage Trust (NYSE BTA) opened at 12.11 on Monday. BlackRock LT Municipal Advantage Trust has a one year low of $10.73 and a one year high of $13.18. The stock’s 50 day moving average price is $11.95 and its 200 day moving average price is $11.66.

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A number of hedge funds have recently made changes to their positions in BTA. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $132,000. Ameriprise Financial Inc. purchased a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $133,000. Doliver Capital Advisors Inc. purchased a new stake in shares of BlackRock LT Municipal Advantage Trust during the first quarter worth about $134,000. Oppenheimer & Co. Inc. raised its stake in shares of BlackRock LT Municipal Advantage Trust by 27.1% in the first quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the financial services provider’s stock worth $196,000 after buying an additional 3,650 shares during the period. Finally, Oxbow Advisors LLC raised its stake in shares of BlackRock LT Municipal Advantage Trust by 5.5% in the first quarter. Oxbow Advisors LLC now owns 21,387 shares of the financial services provider’s stock worth $245,000 after buying an additional 1,112 shares during the period.

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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