ELS - Insider Move: David P Eldersveld Invests $999K In Equity Lifestyle Props Stock | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on February 8, involves David P Eldersveld, EVP at Equity Lifestyle Props (NYSE:ELS).
What Happened: Eldersveld made a significant move by purchasing 14,914 shares of Equity Lifestyle Props as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $999,983.
Equity Lifestyle Props's shares are actively trading at $66.83, experiencing a up of 0.6% during Friday's morning session.
Discovering Equity Lifestyle Props: A Closer Look
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.
Key Indicators: Equity Lifestyle Props's Financial Health
Revenue Growth: Equity Lifestyle Props's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -7.23%. ...