Today: Today, BlackRock LT Municipal Advantage Trust’s (BTA) “Underperform” Rating Reaffirm at Macquarie

Today, BlackRock LT Municipal Advantage Trust’s (BTA) “Underperform” Rating Reaffirm at Macquarie

Macquarie reiterated their underperform rating on shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) in a research note released on Wednesday morning. The firm currently has a GBX 300 ($3.72) price target on the stock.

A number of other equities research analysts have also commented on BTA. JPMorgan Chase & Co. restated an overweight rating and set a GBX 490 ($6.08) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, July 29th. Credit Suisse Group AG restated a neutral rating and set a GBX 400 ($4.96) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Wednesday, August 10th. HSBC restated a buy rating on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, August 5th. Goldman Sachs Group Inc. restated a buy rating and set a GBX 560 ($6.95) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, July 29th. Finally, Deutsche Bank AG restated a sell rating and set a GBX 345 ($4.28) price objective on shares of BlackRock LT Municipal Advantage Trust in a report on Friday, October 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $459.71.

Shares of BlackRock LT Municipal Advantage Trust (NYSE:BTA) opened at 11.03 on Wednesday. BlackRock LT Municipal Advantage Trust has a 12-month low of $10.95 and a 12-month high of $13.44. The firm’s 50-day moving average is $11.66 and its 200-day moving average is $12.44.

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

Several hedge funds have recently made changes to their positions in BTA. Mackay Shields LLC increased its stake in shares of BlackRock LT Municipal Advantage Trust by 381.1% in the second quarter. Mackay Shields LLC now owns 156,373 shares of the company’s stock valued at $1,995,000 after buying an additional 123,868 shares during the last quarter. Advisors Asset Management Inc. increased its stake 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. Advisor Group Inc. bought a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $219,000. Grimes & Company Inc. bought a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $208,000. Finally, Stifel Financial Corp bought a new stake in shares of BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $137,000.

About BlackRock LT Municipal Advantage Trust

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