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mREIT Updates: Northstar Realty Finance Corp. (NRF)’s Non-Traded REIT, Redwood Trust, Inc. (RWT)’s Smallest RMBS Deal, CYS Investments Inc (CYS) Investors

Editor’s Note: Northstar Realty Finance Corp. (NYSE:NRF), Redwood Trust, Inc. (NYSE:RWT), CYS Investments Inc (NYSE:CYS), Colony Financial Inc (NYSE:CLNY)

Stocks to Watch (Northstar Realty Finance Corp. (NYSE:NRF), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), Alpha Natural Resources, Inc. (NYSE:ANR), Halcon Resources Corp(NYSE:HK) (SBWire)
Northstar Realty Finance Corp. (NYSE:NRF) shares closed at $8.76. The company, on August 16, announced that NorthStar Real Estate Income Trust, Inc., its first sponsored non-traded REIT, successfully priced a $531.5 million non-recourse, floating-rate CMBS transaction at a weighted average coupon of LIBOR + 2.68%. The CMBS transaction will initially be collateralized by $425.2 million of commercial real estate loans with the flexibility to contribute up to $106.3 million of additional commercial real estate loans within six months of closing.

CYS Investments Inc (CYS): Are Hedge Funds Right About This Stock? (Insider Monkey)
Is it smart to be bullish on CYS Investments Inc (NYSE:CYS)? Heading into Q3, a total of 11 of the hedge funds we track were bullish in this stock, a change of -15% from one quarter earlier. With hedgies’ sentiment swirling, there exists a few notable hedge fund managers who were boosting their holdings significantly. According to our 13F database, Pine River Capital Management, managed by Brian Taylor, holds the biggest position in CYS Investments Inc (NYSE:CYS). Pine River Capital Management has a $61.1 million position in the stock, comprising 0.9% of its 13F portfolio. Sitting at the No. 2 spot is Cardinal Capital, managed by Amy Minella, which held a $45.5 million position; the fund has 2.9% of its 13F portfolio invested in the stock.

Redwood Trust, Inc

Redwood Trust launches smallest RMBS deal of 2013 (Housing Wire)
Redwood Trust, Inc. (NYSE:RWT) revealed its 11th private-label residential mortgage-backed securitization deal of the year — and its first this month. This deal, the smallest of the year thus far, surprisingly features more loan sellers selling into the pools than ever before, up to 77 sellers from 72 mortgage sellers in the previous deal. The platform Sequoia Mortgage Trust 2013-11 reported a total unpaid principal balance of approximately $346.3 million when assessing the planned transaction. Additionally, a total loan balance of $765 million is expected.

First Week of CLNY October 19th Options Trading (Forbes)
Investors in Colony Financial Inc (NYSE:CLNY) saw new options begin trading this week, for the October 19th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CLNY options chain for the new October 19th contracts and identified the following put contract of particular interest. The put contract at the $20.00 strike price has a current bid of 55 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.00, but will also collect the premium, putting the cost basis of the shares at $19.45 (before broker commissions).

Stocks to Track (KB Home (NYSE:KBH), CYS Investments Inc(NYSE:CYS), Nuverra Environmental Solutions Inc (NYSE:NES), InvenSense Inc (NYSE:INVN) (SBWire)
CYS Investments Inc (NYSE:CYS) shares fell 2.29% to $7.68. The company announced that Kevin E. Grant, CFA, the Company’s CEO and President, will deliver a presentation at the Barclays Global Financial Services Conference at The New York Hilton Midtown on Tuesday, September 10, 2013 at approximately 8:15 a.m. (ET). Additionally, CYS’s stock was downgraded by equities researchers at Maxim Group from a “buy” rating to a “hold” rating in a research report issued on August 13. They currently have a $10.00 target price on the stock.

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