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A report released today by Macquarie about BlackRock LT Municipal Advantage Trust (NYSE:BTA) lowers the target price to $310.00

Yesterday BlackRock LT Municipal Advantage Trust (NYSE:BTA) traded -0.84% lower at $12.28. The company’s 50-day moving average is $12.67 and its 200-day moving average is $12.58. The last stock close price is down -2.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 11,659 shares of the stock were exchanged, down from an average trading volume of 37,231

BlackRock LT Municipal Advantage Trust (NYSE:BTA) had its stock price target reduced to $310.00 by Macquarie in a report issued 10/07/2016. The updated stock price target implies a possible upside of 24.24% based on the company's last stock close price.

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BlackRock LT Municipal Advantage Trust (NYSE:BTA)

BlackRock LT Municipal Advantage Trust has a 52 week low of $10.95 and a 52 week high of $13.44 The company’s market cap is currently $0.

About BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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). The Trust invests primarily in long-term municipal bonds with a maturity of more than 10 years at the time of investment. The Trust's municipal bond portfolio will have a dollar-weighted average maturity of more than 10 years. The Trust may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors, LLC is the investment manager of the Trust.

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