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

Haverty Furniture Companies (NYSE:HVT.A) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $194.94 million for the quarter.

Haverty Furniture Companies Stock Down 3.7%

HVT.A traded down $1.20 during midday trading on Thursday, hitting $31.30. 455 shares of the company traded hands, compared to its average volume of 445. The company’s 50-day moving average is $27.45 and its 200 day moving average is $25.76. The firm has a market capitalization of $503.77 million, a PE ratio of 23.01 and a beta of 0.81. Haverty Furniture Companies has a 52 week low of $20.28 and a 52 week high of $44.99.

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.