Paul Seavey, the Executive Vice President and Chief Financial Officer of Equity LifeStyle Properties Inc. (NYSE:ELS), recently sold a portion of his holdings in the company. According to a recent SEC filing, Seavey sold 10,000 shares of common stock on May 7, 2025. The shares were sold at a weighted average price of $64.7172, resulting in a total transaction value of $647,172. The transaction comes as ELS, a $12.3 billion market cap company with a GOOD financial health score according to InvestingPro, trades near analysts’ consensus target range of $67-82.
Following this transaction, Seavey retains ownership of 78,162 shares in the company. It’s worth noting that since his last ownership report, Seavey transferred 6,016 shares to his ex-spouse as part of a domestic relations order, and he no longer reports those shares as part of his beneficial ownership. The company has maintained dividend payments for 33 consecutive years and currently offers a 3.2% yield. For comprehensive insider trading analysis and additional insights, InvestingPro subscribers can access the detailed Pro Research Report, which covers what really matters about ELS and 1,400+ other top stocks.
In other recent news, Equity Lifestyle Properties (ELS) reported its first-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.57, exceeding the forecast of $0.55. Revenue also came in stronger than anticipated at $387.3 million, compared to the expected $335.83 million. Despite these positive financial results, ELS shares experienced a decline of 1.18% in after-hours trading. The company noted a 3.8% growth in its core portfolio net operating income (NOI) and an increase of 5.5% in core community-based rental income. Equity Lifestyle maintains a strong balance sheet, with a long debt maturity and a forecast of normalized funds from operations (FFO) of $3.06 per share for the full year. The company projects growth in manufactured home (MH) and RV and marina rents, with expectations of a modest increase in MH portfolio occupancy. Risks highlighted include the impact of hurricanes on site availability and exposure to Canadian RV customers, which could be influenced by currency fluctuations.
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