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

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

Haverty Furniture Companies Price Performance

The company has a market capitalization of $391.47 million, a PE ratio of 20.28 and a beta of 0.83. The business has a 50-day moving average of $23.53 and a 200 day moving average of $24.68.

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