BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA) Stock Rating Reaffirmed by Berenberg Bank

Berenberg Bank reissued their hold rating on shares of BlackRock Long-Term Municipal Advantage Trust’s (LON:BTAGet Rating) in a research report sent to investors on Wednesday, Digital Look reports. They currently have a GBX 190 ($2.25) price target on the stock.

A number of other brokerages also recently issued reports on BTA. Deutsche Bank Aktiengesellschaft restated a hold rating and set a GBX 140 ($1.66) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, November 1st. Barclays restated an overweight rating and set a GBX 220 ($2.60) price target on shares of BlackRock Long-Term Municipal Advantage Trust’s in a report on Tuesday, November 15th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 219.17 ($2.59).

BlackRock Long-Term Municipal Advantage Trust’s Price Performance

BlackRock Long-Term Municipal Advantage Trust’s Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, February 6th. Shareholders of record on Thursday, December 29th will be issued a dividend of GBX 2.31 ($0.03) per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a dividend yield of 1.9%.

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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Analyst Recommendations for BlackRock Long-Term Municipal Advantage Trust’s (LON:BTA)

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