Goldman Sachs Group, Inc. (The) reissued their neutral rating on shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) in a research report report published on Wednesday.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 265 ($3.42) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 2nd. BNP Paribas lowered shares of BlackRock LT Municipal Advantage Trust to an underperform rating and set a GBX 260 ($3.36) target price on the stock. in a report on Thursday, May 25th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 390 ($5.04) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Monday, August 7th. Berenberg Bank lowered their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 343 ($4.43) to GBX 325 ($4.20) and set a hold rating on the stock in a report on Monday, June 12th. Finally, Jefferies Group LLC lowered their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 325 ($4.20) to GBX 280 ($3.62) and set a hold rating on the stock in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $358.00.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 12.50 on Wednesday. The firm’s 50-day moving average is $12.16 and its 200-day moving average is $11.81. BlackRock LT Municipal Advantage Trust has a 1-year low of $10.73 and a 1-year high of $12.87.

ILLEGAL ACTIVITY WARNING: “Goldman Sachs Group, Inc. (The) Reaffirms “Neutral” Rating for BlackRock LT Municipal Advantage Trust (BTA)” was published by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/09/17/goldman-sachs-group-inc-the-reaffirms-neutral-rating-for-blackrock-lt-municipal-advantage-trust-bta.html.

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Thursday, September 14th.

Large investors have recently modified their holdings of the business. First Trust Advisors LP grew its holdings in BlackRock LT Municipal Advantage Trust by 29.5% during the 1st quarter. First Trust Advisors LP now owns 72,315 shares of the financial services provider’s stock worth $829,000 after acquiring an additional 16,484 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in 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 during the last quarter. Wells Fargo & Company MN grew its holdings in BlackRock LT Municipal Advantage Trust by 65.1% during the 1st quarter. Wells Fargo & Company MN now owns 155,076 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 61,163 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in BlackRock LT Municipal Advantage Trust during the 1st quarter worth about $133,000. Finally, Doliver Capital Advisors Inc. bought a new stake in BlackRock LT Municipal Advantage Trust during the 1st quarter worth about $134,000.

About BlackRock LT Municipal Advantage Trust

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)

Receive News & Ratings for BlackRock LT Municipal Advantage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock LT Municipal Advantage Trust and related companies with MarketBeat.com's FREE daily email newsletter.