Wednesday, the 29th of July 2015 wasn’t a good day for Weingarten Realty Investors, it saw a slight decline of -0.26% which made the trading of its shares to happen at a price of $35.15.
The company recently announced the financial results for its operation for the second quarter. This information along with additional information and results can be found on their website and are publically accessible.
The results stated that rental rates on new leases and the renewals saw an increase. They were up by 16.8% and 10.9%, respectively. Apart from this, occupancy also saw an increase, although a slight one. It went up by 0.7%. The acquisitions which Weingarten Realty Investors took part in were all completed in this quarter as well. They summed up to an amount of 81 million dollars.
Weingarten Realty Investors is a Houston based relater which is a real estate investment trust. It deals in developing and managing a shopping center and leases outs that center as a REIT so that investors of all kinds, small and big can invest in it. These investors without REIT wouldn’t have been able to invest otherwise. The investors have properties and assets in more than 21 states.
Just like Weingarten Realty investors, Align technology also didn’t see a gain in the market. The latter company saw a loss of -0.35% that made the price of its shares to be traded at a cost of $62.33. This is the biggest loss and decline the company has seen in the stock market ever since the last one in January.
The reason behind the decline is because the request for a patent got rejected by the United States Patent and Trademark Office. They wanted a patent for clear orthodontic braces. They faced a rejection because what they had proposed was a bit too much similar to what the market has to offer. The low gap in what is available and what they are offering is what made the trademark office reject the patent.
The company deals in making, developing and distributing of intra-oral scanners and clear aligner therapy. These services are used by consumers in the United States of America and the company has customers internationally as well.
Methanex Corporation was also unlucky at the market just like the above two companies and saw a decline of -0.97% that caused the trading of its shares to be done at a price of $46.10.
The company should’ve seen a decline after just announcing that it has been decided by its Board of Directors that a dividend will be payable to common shares holders on 30th of September. The dividend will be of a price of US$0.275 per share.
Methanex is a Canadian company which has its headquarters in Vancouver. It primarily deals, distributes and develops Methanol and has customers in all parts of the world. It mainly has operations in Asia, Europe, South and North America.