RLJ Lodging Trust announced that its Board of Trustees has approved a new share repurchase program, authorizing the company to repurchase up to $250 million of its common shares. This program provides the company with significant flexibility to return capital to shareholders.
The approval of this substantial repurchase program indicates management's belief that the company's shares are undervalued. It also demonstrates a commitment to enhancing shareholder value through disciplined capital allocation.
This new authorization allows RLJ to capitalize on market volatility and opportunistically repurchase shares, potentially boosting earnings per share and overall shareholder returns.
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