First Hartford Corporation (FHRT)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First Hartford Corporation (FHRT) with AI Score 55/100 (Hold). First Hartford Corporation is a real estate company focused on the purchase, development, and management of properties primarily in the Northeastern United States. Market cap: 0, Sector: Real estate.
Last analyzed: Mar 17, 2026First Hartford Corporation (FHRT) Real Estate Portfolio & Strategy
First Hartford Corporation, established in 1909, operates as a real estate development and management firm, focusing on properties in the U.S. Northeast and providing developer services for retail chains, with a small market capitalization and negative profit margin reflecting its current financial challenges.
Investment Thesis
First Hartford Corporation presents a speculative investment opportunity due to its small market capitalization and OTC listing. Key value drivers include its established relationships with CVS, Cumberland Farms, and Wild Fork Foods, providing a consistent revenue stream through fee-for-service agreements. Growth catalysts involve potential expansion of these relationships or acquisition of new retail clients. However, the company's negative profit margin of -5.3% and lack of dividend payments raise concerns about its financial stability. Investors should closely monitor its ability to improve profitability and manage its real estate portfolio effectively. The low beta of 0.33 suggests lower volatility compared to the broader market, but this may also reflect limited trading activity.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.06 billion indicates a micro-cap company with potentially higher risk and volatility.
- P/E ratio of -20.15 reflects negative earnings, suggesting the company is currently unprofitable.
- Gross margin of 36.0% demonstrates the company's ability to generate revenue after accounting for the cost of goods sold.
- Beta of 0.33 indicates lower volatility compared to the overall market.
- The company provides preferred developer services for CVS, Cumberland Farms, and Wild Fork Foods, offering a stable revenue stream.
Competitors & Peers
Strengths
- Established relationships with CVS, Cumberland Farms, and Wild Fork Foods.
- Long history in the real estate industry.
- Diversified revenue streams from property ownership and developer services.
- Strategic property locations in the Northeastern United States.
Weaknesses
- Small market capitalization limits access to capital.
- Negative profit margin indicates financial challenges.
- Limited geographic diversification.
- Dependence on a few key retail clients.
Catalysts
- Upcoming: Potential new contracts with additional retail chains to expand developer services.
- Upcoming: Acquisition of undervalued properties to increase rental income.
- Ongoing: Continued revenue generation from existing relationships with CVS, Cumberland Farms, and Wild Fork Foods.
- Ongoing: Cost-cutting measures to improve profitability and reduce operating expenses.
Risks
- Potential: Economic downturn impacting real estate values and rental income.
- Potential: Increased competition from larger real estate developers.
- Potential: Rising interest rates increasing borrowing costs.
- Ongoing: Negative profit margin indicating financial instability.
- Ongoing: Limited liquidity due to OTC listing and small market capitalization.
Growth Opportunities
- Expansion of Developer Services: First Hartford can focus on expanding its fee-for-service business by targeting additional national retail chains. The market for retail development services is substantial, with retailers constantly seeking to optimize their store locations and formats. Securing contracts with new clients could significantly boost revenue and profitability. The timeline for realizing this growth opportunity is medium-term, requiring investment in business development and marketing efforts.
- Strategic Property Acquisitions: The company can identify and acquire undervalued properties in its target markets. By focusing on properties with potential for redevelopment or improved management, First Hartford can increase rental income and property values. This strategy requires careful due diligence and access to capital. The timeline for realizing this growth opportunity is long-term, as it involves identifying suitable properties, securing financing, and executing development plans.
- Geographic Expansion: First Hartford can expand its operations into new geographic markets. By leveraging its expertise in real estate development and management, the company can target regions with strong economic growth and favorable real estate fundamentals. This expansion would require establishing a local presence and building relationships with local stakeholders. The timeline for realizing this growth opportunity is long-term, as it involves significant investment and risk.
- Focus on Mixed-Use Developments: The company can capitalize on the growing trend of mixed-use developments, which combine residential, commercial, and retail spaces. By developing mixed-use projects, First Hartford can diversify its revenue streams and attract a wider range of tenants. This strategy requires expertise in multiple real estate sectors and the ability to manage complex projects. The timeline for realizing this growth opportunity is medium-term, as it involves identifying suitable sites and securing necessary approvals.
- Leveraging Technology: First Hartford can adopt new technologies to improve its operational efficiency and enhance its customer service. This includes using data analytics to optimize property management, implementing online platforms for tenant communication, and utilizing virtual reality for property tours. By embracing technology, the company can reduce costs and improve the tenant experience. The timeline for realizing this growth opportunity is short-term, as it involves implementing readily available technologies.
Opportunities
- Expansion of developer services to new retail clients.
- Acquisition of undervalued properties.
- Geographic expansion into new markets.
- Development of mixed-use projects.
Threats
- Economic downturn impacting real estate values and rental income.
- Increased competition from larger real estate developers.
- Rising interest rates increasing borrowing costs.
- Changes in consumer preferences affecting retail demand.
Competitive Advantages
- Established relationships with major retail chains provide a stable revenue stream.
- Long history in the real estate industry offers experience and expertise.
- Focus on specific geographic markets allows for localized knowledge and relationships.
- Integrated business model encompassing development, ownership, and management.
About FHRT
First Hartford Corporation, incorporated in 1909, has a long history in the real estate sector. The company is involved in the purchase, construction, development, ownership, management, rental, and sale of real estate properties. It operates through two segments: Real Estate Operations and Fee for Service. The Real Estate Operations segment focuses on owning and managing interests in properties such as shopping centers, restaurants, police stations, and apartments. These properties are primarily located in Connecticut, Delaware, Louisiana, Massachusetts, New York, New Jersey, Rhode Island, and Texas. The Fee for Service segment provides preferred developer services for national retail chains, including CVS, Cumberland Farms, and Wild Fork Foods. This involves assisting these companies with real estate development projects, leveraging First Hartford's expertise in site selection, construction, and project management. Headquartered in Manchester, Connecticut, First Hartford Corporation has evolved from a general real estate firm into a specialized provider of both property ownership and development services for specific retail clients.
What They Do
- Purchases real estate properties.
- Constructs and develops real estate projects.
- Owns and manages real estate assets.
- Rents out commercial and residential spaces.
- Sells real estate properties.
- Provides preferred developer services for retail chains.
Business Model
- Generates revenue through rental income from owned properties.
- Earns fees for providing developer services to retail clients.
- Profits from the sale of real estate properties.
- Manages properties for third-party owners for a fee.
Industry Context
First Hartford Corporation operates within the real estate development industry, which is influenced by macroeconomic factors such as interest rates, economic growth, and demographic trends. The industry is highly competitive, with numerous players ranging from small local developers to large national firms. First Hartford's focus on providing developer services for established retail chains differentiates it from companies solely focused on property ownership. Competitors include firms like CPTP, GCCO, GZUHY, KANP, and KDCCF, which engage in similar real estate development and management activities. The real estate development market is expected to grow modestly, driven by increasing demand for commercial and residential properties.
Key Customers
- Retail chains such as CVS, Cumberland Farms, and Wild Fork Foods.
- Tenants of commercial properties, including shopping centers and restaurants.
- Tenants of residential properties, such as apartments.
- Investors seeking real estate development and management services.
Financials
Chart & Info
First Hartford Corporation (FHRT) stock price: Price data unavailable
Latest News
No recent news available for FHRT.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FHRT.
Price Targets
Wall Street price target analysis for FHRT.
MoonshotScore
What does this score mean?
The MoonshotScore rates FHRT's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: John Toic
CEO
John Toic serves as the CEO of First Hartford Corporation, managing a team of 111 employees. Information regarding his detailed career history, education, and previous roles is not available in the provided data. Therefore, a comprehensive background profile cannot be constructed at this time. Further research would be needed to ascertain his specific qualifications and experience in the real estate industry.
Track Record: Due to the limited information available, it is not possible to assess John Toic's track record at First Hartford Corporation. Key achievements, strategic decisions, and company milestones under his leadership cannot be determined based on the provided data. Additional information would be required to evaluate his performance and contributions to the company's success.
FHRT OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that First Hartford Corporation may not meet the listing requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure and may not be subject to the same regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and greater potential for volatility compared to exchange-listed stocks.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in FHRT.
- Lower liquidity can lead to price volatility and difficulty in trading shares.
- OTC listing may indicate a higher risk of fraud or mismanagement.
- Small market capitalization makes the company more susceptible to market manipulation.
- The company's financial performance may be more volatile due to its size and OTC status.
- Verify the company's financial statements and SEC filings (if any).
- Research the background and experience of the company's management team.
- Assess the company's business model and competitive landscape.
- Evaluate the company's financial condition and ability to generate profits.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before making any investment decisions.
- Long operating history since 1909 suggests a degree of stability.
- Established relationships with reputable retail chains like CVS and Cumberland Farms.
- Presence in multiple states indicates a broader operational footprint.
- Focus on real estate development and management, a tangible asset-based business.
Common Questions About FHRT
What does First Hartford Corporation do?
First Hartford Corporation is a real estate company involved in the purchase, development, ownership, management, rental, and sale of real estate properties. It operates through two segments: Real Estate Operations, which focuses on owning and managing properties like shopping centers and apartments, and Fee for Service, which provides developer services for retail chains such as CVS, Cumberland Farms, and Wild Fork Foods. The company generates revenue through rental income, service fees, and property sales.
What do analysts say about FHRT stock?
There is no available analyst coverage for FHRT stock. Given its OTC listing and small market capitalization, the company is unlikely to be actively followed by major research firms. Investors should rely on their own due diligence and independent research to assess the company's prospects. Key valuation metrics to consider include its price-to-book ratio, revenue growth, and profitability trends. The company's relationships with retail chains and its ability to manage its real estate portfolio are important factors to evaluate.
What are the main risks for FHRT?
The main risks for First Hartford Corporation include its small market capitalization, negative profit margin, and OTC listing. These factors contribute to higher volatility and lower liquidity compared to exchange-listed stocks. An economic downturn could negatively impact real estate values and rental income. Increased competition from larger real estate developers could erode market share. Rising interest rates could increase borrowing costs and reduce profitability. The company's dependence on a few key retail clients also poses a concentration risk.
What are the key factors to evaluate for FHRT?
First Hartford Corporation (FHRT) currently holds an AI score of 55/100, indicating moderate score. Key strength: Established relationships with CVS, Cumberland Farms, and Wild Fork Foods.. Primary risk to monitor: Potential: Economic downturn impacting real estate values and rental income.. This is not financial advice.
How frequently does FHRT data refresh on this page?
FHRT prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven FHRT's recent stock price performance?
Recent price movement in First Hartford Corporation (FHRT) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Established relationships with CVS, Cumberland Farms, and Wild Fork Foods.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider FHRT overvalued or undervalued right now?
Determining whether First Hartford Corporation (FHRT) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying FHRT?
Before investing in First Hartford Corporation (FHRT), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available for CEO profile and analyst coverage.
- OTC stocks carry higher risk than exchange-listed stocks.