ELS - Bullish Move: Larisa Drake Shows Confidence Acquires $366K In Equity Lifestyle Props Stock | Benzinga
A notable insider purchase on February 8, was reported by Larisa Drake, EVP & Chief Marketing Officer at Equity Lifestyle Props (NYSE:ELS), based on the most recent SEC filing.
What Happened: Drake demonstrated confidence in Equity Lifestyle Props by purchasing 5,473 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the transaction is $366,964.
In the Friday's morning session, Equity Lifestyle Props's shares are currently trading at $66.83, experiencing a up of 0.6%.
About Equity Lifestyle Props
Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently has a portfolio of 450 properties across the U.S. with a higher concentration in the Sunbelt region with 34% of the company's properties located in Florida, 11% in California, and 10% in Arizona. Equity Lifestyle targets owning properties in attractive retirement destinations with over 70% of the company's properties either being age-restricted or having an average resident age over 55.
A Deep Dive into Equity Lifestyle Props's Financials
Negative Revenue Trend: Examining Equity Lifestyle Props's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -7.23% in revenue growth, ...