BlackRock Long-Term Municipal Advantage Trust’s’ (BTA) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Rating) in a report released on Friday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 220 ($2.65) target price on the stock.

BTA has been the subject of a number of other research reports. Citigroup restated a neutral rating and set a GBX 185 ($2.23) target price on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Monday, July 4th. Royal Bank of Canada lifted their target price on shares of BlackRock Long-Term Municipal Advantage Trust’s from GBX 270 ($3.25) to GBX 290 ($3.49) and gave the stock an overweight rating in a research report on Wednesday, June 29th. Morgan Stanley restated an overweight rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a research report on Wednesday, May 11th. JPMorgan Chase & Co. reiterated a top pick rating on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Wednesday, July 13th. Finally, Barclays reiterated an overweight rating and set a GBX 240 ($2.89) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock Long-Term Municipal Advantage Trust’s has a consensus rating of Moderate Buy and an average price target of GBX 227.50 ($2.74).

BlackRock Long-Term Municipal Advantage Trust’s Stock Performance

BlackRock Long-Term Municipal Advantage Trust’s Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 12th. Investors of record on Thursday, August 4th will be issued a GBX 5.39 ($0.06) dividend. This represents a yield of 3.03%. 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 4th.

BlackRock Long-Term Municipal Advantage Trust’s Company Profile

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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).

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