Haverty Furniture Companies (NYSE:HVT.A) Releases Earnings Results

Haverty Furniture Companies (NYSE:HVT.A) released its quarterly earnings results on Tuesday. The company reported $0.50 earnings per share for the quarter, Zacks reports. The company had revenue of $201.92 million for the quarter.

Haverty Furniture Companies Price Performance

Shares of HVT.A traded down $0.29 during midday trading on Thursday, hitting $28.76. The stock had a trading volume of 26,501 shares, compared to its average volume of 28,825. Haverty Furniture Companies has a 1 year low of $16.94 and a 1 year high of $44.99. The firm has a market cap of $467.84 million, a PE ratio of 24.51 and a beta of 0.94. The stock’s 50 day moving average is $26.30 and its 200 day moving average is $24.04.

About Haverty Furniture Companies

Haverty Furniture Companies, Inc is a publicly traded real estate investment trust specializing in owning and managing retail and distribution properties for the furniture industry. Established in 2019 as a spin-off from Havertys Furniture Stores, Inc, the company’s portfolio consists of strategically located facilities—including showroom locations and distribution centers—leased primarily to its former parent under long-term, net lease agreements. By focusing on single-tenant commercial real estate tailored to furniture retailing and logistics, Haverty Furniture Companies aims to deliver stable, predictable rental income and to support the growth of its tenant’s national retail network.

At the time of its formation, Haverty Furniture Companies acquired a mix of properties encompassing corporate distribution centers, regional distribution hubs and retail showrooms across several key markets in the Southeastern and Southwestern United States.