Investment Analysts’ Weekly Ratings Changes for BlackRock Long-Term Municipal Advantage Trust’s (BTA)

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BlackRock Long-Term Municipal Advantage Trust’s (LON: BTA) recently received a number of ratings updates from brokerages and research firms:

  • 5/13/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “sell” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a GBX 140 ($1.73) price target on the stock.
  • 5/11/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 5/9/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 255 ($3.14) price target on the stock.
  • 4/26/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 4/14/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 4/1/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its price target lowered by analysts at Barclays PLC from GBX 260 ($3.21) to GBX 240 ($2.96). They now have an “overweight” rating on the stock.
  • 3/25/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 3/22/2022 – BlackRock Long-Term Municipal Advantage Trust’s had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a GBX 225 ($2.77) price target on the stock.

The business also recently announced a dividend, which will be paid on Monday, September 12th. Shareholders of record on Thursday, August 4th will be paid a GBX 5.39 ($0.07) dividend. This is an increase from BlackRock Long-Term Municipal Advantage Trust’s’s previous dividend of $2.31. This represents a yield of 3.03%. The ex-dividend date is Thursday, August 4th.

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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