Keefe, Bruyette & Woods Comments on Host Hotels & Resorts

Keefe, Bruyette & Woods provided color on Host Hotels & Resorts's

termination of agreement to purchase the Grand Hyatt D.C. in a research note published today. Keefe, Bruyette & Woods has a Market Perform rating and $13 price target on Host Hotels & Resorts. In the report, Keefe, Bruyette & Woods states, "We believe heightened concerns regarding D.C. trends drove HST to reconsider incremental operating leverage to D.C." Shares of Host Hotels & Resorts were trading at $14.16 at the time of posting, up 0.50% from Monday's market close.