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

Haverty Furniture Companies (NYSE:HVT.A) issued its quarterly earnings results on Tuesday. The company reported $0.25 EPS for the quarter, Zacks reports.

Haverty Furniture Companies Stock Performance

Shares of NYSE:HVT.A traded up $0.10 during trading hours on Tuesday, hitting $31.00. 187 shares of the company’s stock traded hands, compared to its average volume of 10,532. Haverty Furniture Companies has a 52 week low of $20.28 and a 52 week high of $44.99. The company’s fifty day simple moving average is $27.15 and its two-hundred day simple moving average is $25.70. The company has a market cap of $498.79 million, a price-to-earnings ratio of 25.83 and a beta of 0.81.

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.