BlackRock LT Municipal Advantage Trust’s (BTA) Buy Rating Reiterated at Numis Securities Ltd

BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research report issued on Thursday. They presently have a GBX 390 ($5.15) price objective on the financial services provider’s stock.

Other analysts have also recently issued research reports about the stock. J P Morgan Chase & Co cut their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 330 ($4.35) to GBX 290 ($3.83) and set a “neutral” rating for the company in a research note on Wednesday, July 5th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 320 ($4.22) price target on shares of BlackRock LT Municipal Advantage Trust in a research note on Friday, October 13th. Citigroup Inc. cut shares of BlackRock LT Municipal Advantage Trust to a “neutral” rating and cut their price target for the company from GBX 360 ($4.75) to GBX 310 ($4.09) in a research note on Monday, October 9th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of BlackRock LT Municipal Advantage Trust in a research note on Wednesday, September 13th. Finally, Macquarie increased their price target on shares of BlackRock LT Municipal Advantage Trust from GBX 340 ($4.49) to GBX 355 ($4.68) and gave the company an “outperform” rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $355.00.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://sportsperspectives.com/2017/11/02/blackrock-lt-municipal-advantage-trusts-bta-buy-rating-reiterated-at-numis-securities-ltd.html.

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in BlackRock LT Municipal Advantage Trust by 4.6% during the third quarter. First Trust Advisors LP now owns 99,157 shares of the financial services provider’s stock worth $1,201,000 after acquiring an additional 4,385 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in BlackRock LT Municipal Advantage Trust by 7.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock worth $499,000 after acquiring an additional 2,976 shares during the period. First Allied Advisory Services Inc. bought a new position in BlackRock LT Municipal Advantage Trust during the second quarter worth about $156,000. Van ECK Associates Corp increased its position in BlackRock LT Municipal Advantage Trust by 14.6% during the second quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 4,214 shares during the period. Finally, Laurion Capital Management LP bought a new position in BlackRock LT Municipal Advantage Trust during the second quarter worth about $366,000.

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.

Latest News

Leave a Reply