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

Haverty Furniture Companies (NYSE:HVT.A) announced its quarterly earnings results on Tuesday. The company reported $0.50 earnings per share (EPS) for the quarter, Zacks reports.

Haverty Furniture Companies Price Performance

HVT.A opened at $29.15 on Wednesday. The business has a 50 day moving average price of $26.24 and a two-hundred day moving average price of $24.01. The company has a market capitalization of $474.34 million, a price-to-earnings ratio of 25.57 and a beta of 0.94. Haverty Furniture Companies has a 1-year low of $16.94 and a 1-year 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.