CPT - Insider Selling: Richard J Campo Unloads $3.77M Of Camden Prop Trust Stock | Benzinga
It was reported on January 8, that Richard J Campo, Chairman and CEO at Camden Prop Trust (NYSE:CPT) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Campo executed a sale of 38,336 shares of Camden Prop Trust with a total value of $3,765,425.
At Tuesday morning, Camden Prop Trust shares are down by 0.98%, trading at $98.28.
Delving into Camden Prop Trust's Background
Camden Property Trust is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities across the United States. The company's real estate portfolio consists primarily of apartment properties throughout the Sun Belt. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. The firm derives nearly all of its revenue from the leasing of properties to tenants through short-term agreements. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas.
Camden Prop Trust: Delving into Financials
Revenue Growth: Camden Prop Trust's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 4.55%. ...