NexPoint Real Estate Finance, Inc. (NYSE:NREF) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year’s forecasts. The analysts have sharply increased their revenue numbers, with a view that NexPoint Real Estate Finance will make substantially more sales than they’d previously expected.
Following the upgrade, the most recent consensus for NexPoint Real Estate Finance from its three analysts is for revenues of US$42m in 2020 which, if met, would be a huge increase on its sales over the past 12 months. Before the latest update, the analysts were foreseeing US$37m of revenue in 2020. It looks like there’s been a clear increase in optimism around NexPoint Real Estate Finance, given the solid increase in revenue forecasts.
Notably, the analysts have cut their price
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