BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank AG in a report released on Wednesday. They currently have a GBX 345 ($4.28) target price on the stock.

BTA has been the topic of several other research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 354 ($4.39) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday. Berenberg Bank reissued a “buy” rating and issued a GBX 506 ($6.28) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, October 10th. BNP Paribas reissued a “neutral” rating and issued a GBX 395 ($4.90) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday. Societe Generale reissued a “buy” rating and issued a GBX 500 ($6.20) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, November 2nd. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 560 ($6.95) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $453.57.

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

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded down 0.631% on Wednesday, reaching $10.871. The company’s stock had a trading volume of 45,135 shares. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $12.44. BlackRock LT Municipal Advantage Trust has a 52-week low of $10.85 and a 52-week high of $13.44.

The company also recently announced a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Thursday, November 10th.

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A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in BlackRock LT Municipal Advantage Trust by 29.5% in the third quarter. LPL Financial LLC now owns 15,025 shares of the company’s stock worth $187,000 after buying an additional 3,420 shares during the period. First Trust Advisors LP boosted its position in shares of 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 valued at $486,000 after buying an additional 5,307 shares during the last quarter. Sit Investment Associates Inc. boosted its position in shares of 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 valued at $8,983,000 after buying an additional 6,441 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of 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 valued at $7,163,000 after buying an additional 117,441 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of 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 valued at $680,000 after buying an additional 557 shares during 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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