NYSE:PEBHotel and Resort REITs
Pebblebrook Hotel Trust (PEB): Evaluating Valuation Following $150 Million Share Buyback Announcement
Pebblebrook Hotel Trust (NYSE:PEB) just launched a share repurchase program, authorizing up to $150 million to buy back its common stock. Investors often interpret these moves as a signal of management's confidence in future growth.
See our latest analysis for Pebblebrook Hotel Trust.
Despite announcing this buyback and strong recent 90-day share price momentum of 6.9%, Pebblebrook Hotel Trust’s year-to-date share price has dropped 20.6%. The 1-year total shareholder return stands at -12.6%,...