REIT Stock Repurchases: Completion Rates, Long-Run Returns, and the Straddle Hypothesis
By Adams, Gregory L Brau, James C; Holmes, Andrew  Abstract This study of real estate investment trusts (REITs) analyzes three possible explanations for the stock price reaction to a repurchase announcement and the subsequent repurchase behavior of managers under each hypothesis.
Japanese stocks rebounded on Thursday  from a three-week low as beaten-down technology stocks were  buoyed by gains in their U.S. peers and as the yen resumed its  slide against the dollar, boosting shares of major exporters.