Haverty Furniture Companies (NYSE:HVT.A) Trading Up 2.5% – Still a Buy?

Haverty Furniture Companies, Inc. (NYSE:HVT.A) shot up 2.5% during mid-day trading on Thursday . The company traded as high as $27.69 and last traded at $24.33. 13,704 shares traded hands during mid-day trading, an increase of 4,005% from the average session volume of 334 shares. The stock had previously closed at $23.74.

Haverty Furniture Companies Price Performance

The stock has a market cap of $391.47 million, a PE ratio of 20.28 and a beta of 0.83. The business has a fifty day moving average of $23.53 and a 200-day moving average of $24.68.

Haverty Furniture Companies (NYSE:HVT.A) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $189.05 million during the quarter.

Haverty Furniture Companies Company Profile

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.