ELS - Paul Seavey Boosts Confidence With $1.44M Purchase Of Equity Lifestyle Props Stock | Benzinga
In a recent SEC filing, it was revealed that Paul Seavey, EVP & Chief Financial Officer at Equity Lifestyle Props (NYSE:ELS), made a noteworthy insider purchase on February 8,.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled that Seavey made a notable purchase of 21,433 shares of Equity Lifestyle Props, valuing at $1,437,082.
The latest market snapshot at Friday morning reveals Equity Lifestyle Props shares up by 0.6%, trading at $66.83.
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.
Financial Milestones: Equity Lifestyle Props's Journey
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 ...