ELS - Marguerite Nader Boosts Confidence With $1.82M Purchase Of Equity Lifestyle Props Stock | Benzinga
It was revealed in a recent SEC filing that Marguerite Nader, President and CEO at Equity Lifestyle Props (NYSE:ELS) made a noteworthy insider purchase on February 8,.
What Happened: Nader's recent purchase of 27,125 shares of Equity Lifestyle Props, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, reflects confidence in the company's potential. The total transaction value is $1,818,731.
As of Friday morning, Equity Lifestyle Props shares are up by 0.6%, currently priced at $66.83.
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
Revenue Growth: Equity Lifestyle Props's revenue growth over a period of 3 months has faced challenges. As of 31 December, ...