BlackRock LT Municipal Advantage Trust (BTA) Earns Neutral Rating from Credit Suisse Group

BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “neutral” rating reaffirmed by Credit Suisse Group in a report released on Friday. They presently have a GBX 320 ($4.21) price target on the financial services provider’s stock.

BTA has been the topic of a number of other reports. Citigroup Inc. cut BlackRock LT Municipal Advantage Trust to a “neutral” rating and decreased their target price for the stock from GBX 360 ($4.73) to GBX 310 ($4.08) in a report on Monday. J P Morgan Chase & Co decreased their target price on BlackRock LT Municipal Advantage Trust from GBX 330 ($4.34) to GBX 290 ($3.81) and set a “neutral” rating on the stock in a report on Wednesday, July 5th. Macquarie lifted their target price on BlackRock LT Municipal Advantage Trust from GBX 340 ($4.47) to GBX 355 ($4.67) and gave the stock an “outperform” rating in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 340 ($4.47) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, June 21st. Finally, Deutsche Bank AG restated a “sell” rating and issued a GBX 265 ($3.48) target price on shares of BlackRock LT Municipal Advantage Trust in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. BlackRock LT Municipal Advantage Trust presently has a consensus rating of “Hold” and a consensus price target of $355.00.

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Several hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of BlackRock LT Municipal Advantage Trust by 0.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 470,246 shares of the financial services provider’s stock valued at $5,549,000 after purchasing an additional 2,447 shares during the period. Wells Fargo & Company MN lifted its stake in shares of BlackRock LT Municipal Advantage Trust by 15.3% in the 2nd quarter. Wells Fargo & Company MN now owns 178,767 shares of the financial services provider’s stock valued at $2,109,000 after purchasing an additional 23,691 shares during the period. UBS Group AG lifted its stake in shares of BlackRock LT Municipal Advantage Trust by 16.7% in the 1st quarter. UBS Group AG now owns 170,825 shares of the financial services provider’s stock valued at $1,958,000 after purchasing an additional 24,489 shares during the period. First Trust Advisors LP lifted its stake in shares of BlackRock LT Municipal Advantage Trust by 31.1% in the 2nd quarter. First Trust Advisors LP now owns 94,772 shares of the financial services provider’s stock valued at $1,118,000 after purchasing an additional 22,457 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of BlackRock LT Municipal Advantage Trust by 7.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 2,976 shares during the period.

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)

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