BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) Buy Rating Reaffirmed at Citigroup

Citigroup reissued their buy rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA – Get Rating) in a research note published on Monday, Digital Look reports.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. restated an overweight rating and set a GBX 275 ($3.42) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Thursday, March 16th. Berenberg Bank restated a hold rating and set a GBX 160 ($1.99) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, April 17th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 140 ($1.74) to GBX 150 ($1.87) and gave the stock a hold rating in a report on Thursday, March 23rd. Numis Securities reaffirmed a sell rating and set a GBX 115 ($1.43) price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Friday, March 17th. Finally, Barclays reduced their price objective on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 240 ($2.99) to GBX 225 ($2.80) and set an overweight rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, BlackRock Long-Term Municipal Advantage Trust’s has a consensus rating of Hold and an average target price of GBX 192.14 ($2.39).

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Thursday, August 3rd will be issued a dividend of GBX 5.39 ($0.07) per share. This represents a yield of 3.64%. This is an increase from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31. The ex-dividend date is Thursday, August 3rd.

About BlackRock Long-Term Municipal Advantage Trust’s

(Get Rating)

BlackRock Long-Term Municipal Advantage Trust’s (BTA) (the ‘Trust’) 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).