ELS - Massive Insider Trade At Equity Lifestyle Props | Benzinga
A significant insider buy by Patrick Waite, EVP & Chief Operating Officer at Equity Lifestyle Props (NYSE:ELS), was executed on February 8, and reported in the recent SEC filing.
What Happened: Waite's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, involves purchasing 21,433 shares of Equity Lifestyle Props. The total transaction value is $1,437,082.
Equity Lifestyle Props shares are trading up 0.6% at $66.83 at the time of this writing on Friday morning.
All You Need to Know 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.
Financial Insights: Equity Lifestyle Props
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 ...