The BlackRock LT Municipal Advantage Trust (BTA) PT Lowered to GBX 280 at Jefferies Group LLC

The BlackRock LT Municipal Advantage Trust (BTA) PT Lowered to GBX 280 at Jefferies Group LLC

BTA has been the subject of a number of other reports. Barclays PLC restated an overweight rating and set a GBX 475 ($6.10) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, February 23rd. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 330 ($4.24) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Thursday, February 9th. HSBC Holdings plc reiterated a buy rating and set a GBX 425 ($5.46) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Tuesday, February 7th. Deutsche Bank AG reiterated a sell rating and set a GBX 275 ($3.53) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, April 24th. Finally, Macquarie reiterated a neutral rating and set a GBX 270 ($3.47) price objective on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. BlackRock LT Municipal Advantage Trust currently has a consensus rating of Hold and an average price target of $368.43.

BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its target price lowered by Jefferies Group LLC from GBX 325 ($4.17) to GBX 280 ($3.60) in a research report report published on Wednesday morning. Jefferies Group LLC currently has a hold rating on the financial services provider’s stock.

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.0545 per share. The ex-dividend date is Tuesday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 5.52%. Several hedge funds have recently modified their holdings of BTA. First Allied Advisory Services Inc. boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 9.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 13,052 shares of the financial services provider’s stock valued at $147,000 after buying an additional 1,108 shares during the period. Infrastructure Capital Advisors LLC purchased a new stake in shares of BlackRock LT Municipal Advantage Trust during the fourth quarter valued at about $395,000. Mackay Shields LLC boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 48.2% in the first quarter. Mackay Shields LLC now owns 132,517 shares of the financial services provider’s stock valued at $1,519,000 after buying an additional 43,071 shares during the period. Oxbow Advisors LLC boosted 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 valued at $245,000 after buying an additional 1,112 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of BlackRock LT Municipal Advantage Trust by 65.1% in the first quarter. Wells Fargo & Company MN now owns 155,076 shares of the financial services provider’s stock valued at $1,777,000 after buying an additional 61,163 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BTA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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