Haverty Furniture Companies (NYSE:HVT.A) Shares Gap Down – Here’s What Happened

Haverty Furniture Companies, Inc. (NYSE:HVT.A)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $32.00, but opened at $29.74. Haverty Furniture Companies shares last traded at $31.50, with a volume of 582 shares changing hands.

Haverty Furniture Companies Trading Down 1.6%

The firm has a market capitalization of $506.83 million, a price-to-earnings ratio of 23.16 and a beta of 0.81. The stock’s fifty day moving average price is $29.79 and its two-hundred day moving average price is $26.34.

Haverty Furniture Companies (NYSE:HVT.A) last issued its earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter. The firm had revenue of $194.94 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.